Home› For accounting professionals› General accounting discussion
Current updates regarding coronavirus (Covid-19) and the precautions AAT are taking will be continually updated on the below page.

Please check this link for the latest updates:
We hope you are all safe and well and if you need us we will be here. 💚


Help-Bookkeeping

pinoyLizpinoyLiz Feels At HomeRegistered Posts: 92
in General accounting discussion
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

  • DavePDaveP Feels At Home Registered Posts: 79
    First 28 weeks of incapacity benefit is not taxable.

    Thereafter it is and there is a section for it on the Tax Return.
  • pinoyLizpinoyLiz Feels At Home Registered Posts: 92
    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
  • DavePDaveP Feels At Home Registered Posts: 79
    Linky
  • pinoyLizpinoyLiz Feels At Home Registered Posts: 92
    cheers Dave...thanks
Sign In or Register to comment.