Help-Bookkeeping

pinoyLiz

Hi All,

I need all your help. I have a client who wants me to do all his bookkeeping up to preparing his final accounts and self-assesment tax return. What I am not sure with is he was receiving incapacity benefits last year because of an accident and he started his business on DEC 2007. Do I need to include the income he have received out from the benefits for last year tax year? How would I do this? Should I treat this as similar to the income we received from employment? oh gosh! I need help and enlightenment as I am worried and confuse. Thank you very much.
:crying:

Regards,
L

DaveP

First 28 weeks of incapacity benefit is not taxable.

Thereafter it is and there is a section for it on the Tax Return.

pinoyLiz

hi Dave

Thanks for the info Dave! :001_smile:

I will try to have a look in the HMRC website as well...can you give any link?

Thanks great


regards,
L

DaveP

Linky

pinoyLiz

cheers Dave...thanks