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As in few hundred, you give them all your nicely ordered paperwork and spreadsheets, they fill in the return type thing?
Discuss Is your standard accountant bill 100% tax deductable? in the Plumbing Jobs | The Job-board area at PlumbersForums.net
First year using an accountant wished id done it years ago. Just hand in my receipts/expenses invoices in no order and walk away they do it all. Saves me a boat load time and she saves me money.
You are good at plumbing. So do plumbing.
Accountants are good at bookkeeping*. So let them do bookkeeping.
Its called "the doctrine of comparative advantage". Link
*Bookkeeping and Bookkeeper are the only words in the English language that have three sequential pairs of double letters, without any interventing letters.
Yes......and no......
You pay him £500, that is an overhead. So is completely tax deductible. But you don't glaim £500. If you are are 20% payer, you will get back £100 off your tax bill.
But hopefully he/she will claim for more that you didn't know about, saving you a bit more.
Yeah, so the money I put aside for tax, I can take it off that. That's what I want to confirm.
Reply to Is your standard accountant bill 100% tax deductable? in the Plumbing Jobs | The Job-board area at PlumbersForums.net
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