Skip to main content

Filing Your Own Tax Returns vs Hiring an Accountant


A Chartered Accountant in North Wales is worth their weight in gold when it comes to the age-old task of filing tax returns. The process is probably some people's worst nightmare and one of those jobs that is always pushed to the bottom of the pile.

Of course, it can be fun to detangle, manipulate and to juggle figures (and there is quite a lot of joy in straightening affairs out, but for most of us we would rather free up our time and pass the accounts on to somebody who knows what they are doing - leaving us to concentrate our efforts onto our businesses and not the paperwork.

Filing out your own Tax Returns.

If you are confident with figures and enjoying maths and your tax situation is pretty straight forward then why not fill out your own tax returns and save yourself some money. There is also tax software on the market to make these tasks easier for you, however you will have to pay for this software so you will need to weigh up the costs, also taking your time into consideration. After all, when you're filling out your own returns, other aspects of your business can be put toward the wayside.

Hiring an Accountant to fill out your Tax Returns.

If your taxes are quite complicated then it is probably a better option to hire an accountant to do your tax returns so that they can get you the maximum deductions. It is best to be organised when meeting with an accountant and write everything down that you need to ask before hand, as they can be quite costly. Some may charge for the amount of time you spend with them, and others may charge a flat rate, so be sure to check before you make an appointment. You should also try and be as prepared as possible with your paper work so that it cuts their time down and your costs.

If you are in business an Accountant can be very useful, not just for helping with tax returns but for other business queries that you may encounter. They have the knowledge and expertise to guide you in business, cutting costs where they can, and they will be able to answer any complex financial questions that you may have.

They can also help with setting up bookkeeping systems, negotiating leases, business planning, grants and fundraising, and much more.

If you are looking for a qualified North Wales Chartered Accountant covering the following areas Conwy, Denbighshire, Flintshire, Gwynedd and Anglesey then Salisbury and Co will be able to assist you with all your financial needs.

Comments

Popular posts from this blog

Gwynt y Mor New Build Apartments in Rhos On Sea - One Remaining!

We are delighted to announce that there are still some fantastic new build apartments for sale in Rhos on Sea left! Newcomer home builder Brenig Homes debuted into the North Wales luxury housing market with the fantastic Gwynt y Mor apartments for sale in Rhos on Sea, and despite them being very popular, there is still one or two left. For a newcomer like Brenig Homes to make such an impact on the luxury developments side of property in North Wales, it is a fantastic thing. The area has quite a few well-known property developers about and around, and we’re really enjoying seeing North Wales reimagined by fresh eyes, and fresh minds. Gwynt y Mor is something very special, as well. We have a feeling that Brenig Homes knew that they would have to debut with a bang – and these beautiful apartments in Rhos on Sea are very desirable, every inch as impressive as the pre-existing luxury properties on the Rhos on Sea Seafront, but much newer. The new build apartments for sale at Gwynt y Mor...

Get to grips with GDPR

Swayne Johnson Solicitors in North Wales can help you and your business get to grips with the oncoming GDPR legislation. Swayne Johnson’s data protection specialist solicitors are holding an array of completely free workshops in the North Wales area. It is the intention of these workshops to provide free advice which will enable business owners and key employees to face the oncoming European directive without feeling like you want to bury your head in the sand at the thought of it. Very many businesses across North Wales and beyond feel intimidated by the oncoming GDPR regulations, and it’s never been more important for business owners, managers and HR to learn what exactly is required from businesses, and what isn’t required. We notice that there are two ways of which businesses are looking at GDPR- either to ignore it altogether or make adjustments here, there and everywhere in a blind (and completely unhelpful) panic. Swayne Johnson Solicitors’ GDPR Free Workshops can allow you t...

Solicitors With A Heart

2017 is in full swing, and we’re rapidly approaching the first working Monday of the new year. Many of us might not see this day as any different from the others we have gone through in 2017, but it’s significant for one very saddening reason. Dubbed “Divorce Day”, the first working Monday of every January has shown a disturbing trend with divorce applications spiking year after year. There are a number of solicitors in North Wales that will likely get very busy around Divorce Day and your experience may vary. Reputable firms such as Swayne Johnson Solicitors North Wales treat the matter in a very sensitive fashion, with every solicitor within their Family Department being members of Resolution, and also Resolution Accredited Specialist Solicitors. In addition, every solicitor within their Family Department are experienced enough to provide a quality service which will preserve dignity, and encourage agreement. Costs of course, are worrying f...