So I did my turnover of receipts (have gone from when I opened to 31st July because my books need doing) - it comes up as a minus number (as expected)... but in the box where it totals up the info bit says about minus numbers but it only shows mine up as £0.
It then talks about loss and loss relief etc and I am just at the rocking in a corner stage now!!!! I have opened various information things about if I have a loss, but I am even more baffled.
Someone PLEASE help me, or tell me where to look for help.
"Your turnover is the gross amount of your trading receipts. Please also include the full selling price of any goods taken out of the business for your own personal use, or for your family and friends, minus anything you paid into the business for these goods. Any balancing charges will be added to your turnover and the total automatically entered at box 3.24."
So - I need JUST my takings for that bit, and I can fill in my spends later in the losses bit or something?
DD3 (oral herpes) is fine
DTD1 (nasty nasty virus) is getting there - no fever but still has golf balls in place of glands
Me - ditto DTD1
DP - first day of nasty nasty virus
DTD2 - escaped all of above so far...
I started in Feb. I got a pack of stuff through about being SE within a couple of weeks - nothing about doing the self assessment though, that you have to do yourself. But you don't have to until next year.
Yes you won't get teh Self assessment stuff until the April following your notification.
When DP registered as SE a business advisor from teh local tax office came to give him some ideas on how to do his day to day book keeping so that it would apparently be easy to transfer to SA forms. I overhauled that the first time I did his SA so it was much much easier next time.