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Childcare

CAN YOU PLZ HELP??? ACCOUNTS.......

5 replies

kpnuts2006 · 28/11/2006 13:09

I have just started childminding in September this year. I am using the NCMA Accounts book. Just wondering when i need to change to a new book with regards to the end of the tax year. I need to know when to total up my earnings/expenses. Thanks

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PandaG · 28/11/2006 13:16

Just checked this with DH - he is a tax advisor. You can choose to have your year end whenever you lie, so could do a whole year from when you started working, but it is easier to have 31 March as year end, so you do a short 'year' this year HTH

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Katymac · 28/11/2006 13:47

I agree with PandaG - just do a short year - then do it in April every year

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dmo · 28/11/2006 14:06

i started cm in nov and ended my yr in march

just makes it easier

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kpnuts2006 · 29/11/2006 14:20

thanks for your help. When do you actually submit your figures to HM Revenue and Customs?

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Katymac · 29/11/2006 16:33

If you have registered as self employed you should get a self assessment form in April - however it might be worth a phone call so that you get a "short" self assessment form (as your income is less than £15K)

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