Reccommend a book on UK tax/accounting for newly self-employed?
Can anyone reccommmend a book that will guide me through basic accounting and record keeping and UK tax deductions, I am just going self-employed. Most of the books on Amazon seem to be aimed at an American audience.
United Kingdom - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I'll be honest and say hire a local accountant. I work with self employed people everyday and most inform me that after a few hours with an accountant, they are actually saved money. The accountant saves them more in deductibles than it cost to pay they're hourly rate.
Answer 2 :
I would recommend an accountant to do your yearly accounts.
Answer 3 :
Try the following books for the tax aspects: Which Tax Handbook 2008/9: http://www.amazon.co.uk/Handbook-2008-Which-Essential-Guides/dp/1844900452/ref=pd_sim_b_3 or the Daily Mail Tax Guide 2008/9: http://www.amazon.co.uk/Daily-Mail-Tax-Guide-2008/dp/1846680891/ref=pd_bxgy_b_img_a For general advice on various aspects of being self-employed and sample forms try: http://www.lawpack.co.uk/Business/Self-Employment/product797.asp Hope that helps. One way to approach this is to use an accountant to set things up in the first year and then use that as an example to do it yourself in subsequent years.
Answer 4 :
HI Just read this book and its very simple and easy to follow.I have had a small business for many years (now closed ) so it was good to learn the basics again. It is ACCOUNTS DE MYSTIFIED by Anthony Price . Should be able to get it from your local library.The ISBN is 9780273714927 if that helps Good luck josh
