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Do you do your own SA?

Angela_83a
  • Member PM.Dip
  • Practice Licence
  • 84 posts
  • # 82381

Hi,

This might be a silly question but do you all do your own Self Assessments?

And do any of you have your own accounts on sage??

The reason I ask is, my practice started in Sept 2011 and I need to submit my 1st SA. I have printed off the forms etc including employment forms, UK property and self employed forms. 

But I can't decide what to do regarding date of accounts. I've put my own accounts onto sage. Should I just run it from the year I started to anniversary or would it be easier to run alongside the year end so start Sept 2011 and end accounts April 2012.

A couple of people have recommended the latter.

Has anyone else come across this and if so, what did you do? 

Thanks

Angela 
kjmcculloch
  • 1159 posts
  • # 82385

Hi Angela,

I do my own SA.  I started my business in September, but chose to run my business from April - March for simplicity.  There can be benefits to choosing a different financial year, but for me the drawbacks outweighed them.   As I can't give advice, here's a good blog from Trueman Brown on the topic: http://truemanbrown.blogspot.co.uk/2010/10/sole-traders-choosing-your-accounting.html

Kris
Debsie
  • Fellow PM.Dip
  • Practice Licence
  • 336 posts
  • # 82386

I started my business last May but for simplicity I am choosing the year April 6th to April 5th, and will be doing my own Self Assessment shortly.

Good luck! 

  • Debbie
    www.beckcottage.com


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