Help-Bookkeeping

pinoyLiz
pinoyLiz Feels At HomeRegistered Posts: 92 πŸ’« 🐯 πŸ’«
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

Comments

  • DaveP
    DaveP Feels At Home Registered Posts: 79 πŸ’« 🐯 πŸ’«
    First 28 weeks of incapacity benefit is not taxable.

    Thereafter it is and there is a section for it on the Tax Return.
  • pinoyLiz
    pinoyLiz Feels At Home Registered Posts: 92 πŸ’« 🐯 πŸ’«
    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
    DaveP Feels At Home Registered Posts: 79 πŸ’« 🐯 πŸ’«
  • pinoyLiz
    pinoyLiz Feels At Home Registered Posts: 92 πŸ’« 🐯 πŸ’«
    cheers Dave...thanks
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