vix84
01-09-2009, 11:32 AM
Hi, I am so annoyed with myself - when I first did my accounts I kept up to date with it once a month, then I let it slip so just kept the odd reciepts and did the accounts at the end of the year!
So now we are trying to get a mortgage and as I have been self-employed for under 3 years I will need to get an accountant to look at my accounts and show my predicted earnings for this year.
Which would be easy if I had of done it all very properly!
Now Im looking back over them and can see that I have made various mistakes - like calculating the expenses for the bills monhtly instead of weekly - so have re-done those. Luckily that was on this years so it doesnt matter.
But seeing how Ive made stupid mistakes like that, Im now panicing that I would have made stupid mistakes on my 1st years one and the accountant will need to edit it etc. If anything Im sure I have probably paid more tax than I should have rather than the other way around!
Last year I was on maternity leave, so only earnt about £3000 - so would I still need to make sure all the bills etc. are done, or because I wont be taxed I dont need to do the accounts, just prove income?
I have just ordered a morton michael account book to re-write it all as I understand my account record, but the accountant wont.
Does anyone know how much it costs to get someone to check your accounts and do preicted earnings? Or can you recommend anyone?
Ps - if for example, you paid too much/too little tax one year as you messed up your accounts, how do you sort that out?:panic:
So now we are trying to get a mortgage and as I have been self-employed for under 3 years I will need to get an accountant to look at my accounts and show my predicted earnings for this year.
Which would be easy if I had of done it all very properly!
Now Im looking back over them and can see that I have made various mistakes - like calculating the expenses for the bills monhtly instead of weekly - so have re-done those. Luckily that was on this years so it doesnt matter.
But seeing how Ive made stupid mistakes like that, Im now panicing that I would have made stupid mistakes on my 1st years one and the accountant will need to edit it etc. If anything Im sure I have probably paid more tax than I should have rather than the other way around!
Last year I was on maternity leave, so only earnt about £3000 - so would I still need to make sure all the bills etc. are done, or because I wont be taxed I dont need to do the accounts, just prove income?
I have just ordered a morton michael account book to re-write it all as I understand my account record, but the accountant wont.
Does anyone know how much it costs to get someone to check your accounts and do preicted earnings? Or can you recommend anyone?
Ps - if for example, you paid too much/too little tax one year as you messed up your accounts, how do you sort that out?:panic: