I've been asked to do the books for a self-employed rep who has just given me loads of P60's for the different companies he has received commission from. He wants me to basically do his tax return.
What other information do I need? How should I work out the utility expenses as he works from home? Would you bypass inputting onto Sage and do the tax return directly online?
I would be grateful for any help particularly anyone who has dealt with a client in the same sort of situation.
I wouldn't bother posting this on to Sage. Instead I would summarise the P60's in Excel and any other income eg interest received, dividends received etc together with details of any pension contributions made. The HMRC software is actually pretty good so yes I'd simply post the details straight in to the return.
If this client is self employed don't forget all the standard expenses, phone, PPS,fuel/mileage etc. I normally use £750 for business use of home rather than working out percentages of all household bills. Also don't forget to add back 20 % or so for private use of phone/mileage and show this on the tax return. The revenue are happy if they see add backs.
