Hiya, have been doing my March accounts/timekeeping this morning ..... I wondered, is everyone doing their March accounts through to 6th April 2008?? I just wondered if that was the best way to tie up the year & start the new tax year from Mon 7th April.

I thought I might do this but say to the parents 'if there's any trouble paying the extra week, please let me know' .... however, I doubt that there will be.

Let me know what you think, Cheers, Liz x

Someone had to go and say the A word. :panic:

Yes I think I will do my accounts up to 6th April, one day, eventually when I can be bothered getting all the receipts into order. :o

My parents all pay monthly in advance so I will have received their money for April before the end of March. My cut off date will be 5/4 and payments received and any money spent before this date will go in this year. Anything from 6/4 will go into next year.

amanda xx

I work from 1st to 1st... it's easier with my bills and that's how utilities work... I just put those dates on my tax return and I've never had a problem. :D

Oh god got the Ofsted inspection out of the way and now i have to do my accounts!!!!:eek:

Oh god got the Ofsted inspection out of the way and now i have to do my accounts!!!!:eek:

Have you not done them yet? :rolleyes: Mine are right up to date as I have employed income aswell to take into consideration. I now know I have to have a little spending spree this week to stop me paying tax :D

amanda xx

I now know I have to have a little spending spree this week to stop me paying tax :D

amanda xx

Have fun!

If you need any help deciding what to buy, I have lots of ideas for my garden you could help me with :p

I have all my receipts filed by month, and the accounts book filled in with all the regulars like gas and electric etc. But i still have to tie up all the loose ends and hand the lot to my accountant:rolleyes:

I have always had my tax year from 1st April to 31st March.

As Sarah says as long as you put that on your return there won't be a problem.

Will have to start sorting mine out so that I don't get into the same predicament as i had for last years return :panic:

I have always had my tax year from 1st April to 31st March.

As Sarah says as long as you put that on your return there won't be a problem.

Will have to start sorting mine out so that I don't get into the same predicament as i had for last years return :panic:

It's called your accounting year isn't it?

It doesn't even have to be ending in April, it can start and finish in any month depending when you started your business, I think. You just send in the figures in April.

It's called your accounting year isn't it?

It doesn't even have to be ending in April, it can start and finish in any month depending when you started your business, I think. You just send in the figures in April.

Yes it is Pauline.

I chose to make mine April to March to make life easier!

Still find it hard though :laughing:

I was a bit confused with this. Never done one before. It's all a lot clearer now. Thank you.:D