Help-Bookkeeping

pinoyLiz
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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
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
0
Comments
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First 28 weeks of incapacity benefit is not taxable.
Thereafter it is and there is a section for it on the Tax Return.0 -
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,
L0 -
cheers Dave...thanks0