Forum

• # 71063
• Tue 17 May 2011 08:02 PM

Hello

I have recently passed my SA Tax Returns Diploma and so have 2 clients lined up to have their tax returns done.

However I am getting confused as to where I need an accountant.

I was under the impression that we were able to only prepare the return, and then either get the client to sign it off or get an accountant to sign it off.

I today called the HMRC to ask some other questions and just mentioned this, and the technician there informed me that Accountants aren't allowed to sign off on somebody elses tax return (we are only talking individual's SA and Partnership returns here).

Therefore my question is:

What do accountants do that is different to us with regards to tax returns?  And

Am I wasting my time and Client's money by getting an accountant to sign off on the returns? 

Any advice greatfully received

Thanks

Sandra 

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• # 71065
• Tue 17 May 2011 08:40 PM

Hi

As I understand it there is no obligation to involve an accountant when completing and returning a SA tax return.

I also have gained the diploma in SA tax, and I have registered as a tax agent (SA) with the HMRC.  This entitles me to act as a tax agent for a client, and to complete and return their tax return directly, via the online system.

Accountants are important for the complex nature of corporation tax, the self assessment system is designed so that most can complete their own.  However, luckily for bookkeepers, many people do not have the time, energy or enthusiasm to read up on all the rules that are required when completing an SA form.  Therefore they can pay a bookkeeper to do it for them, which is good as it is a nice to earn the extra money!
 
Make sure that you correctly apply the rules, and ensure that the client agrees with everything that you have included on the return (and understands why you have completed it as you have).  As long as you are happy with your work, I see no reason to involve an accountant.

Lucy 

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• # 71067
• Tue 17 May 2011 09:02 PM

Your should get yourself registered as an agent with HMRC as Lucy says. Then, complete the return online at the HMRC website (but don't submit) or via relevant software, print it out with the calculation of tax due and ask the client to sign it as their approval. Then just go ahead and submit it with your own HMRC agent login.

• . http://www.smbps.co.uk/
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• # 71104
• Wed 18 May 2011 05:39 PM

That is great advice from both of you thank you.

Does you advice follow for Partnership returns or is that a whole different kettle of fish??

Thanks again

Sandra 

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