• Should you prepare your own tax return? 17 July 2013 | View comments

  • At VF Accountants, we understand that in this difficult economic situation, more and more people are preparing their own tax return.


    However, there are some matters to take into consideration:


    1. There are differences in which expenses the self-employed and directors of companies can and cannot claim.


    2. An increasing number of people are working from home. There are some expenses which will trigger Capital Gains Tax when you come to sell your main residence! Seek advice from an accountant.


    3. Most people do not understand how allowances work, and so do not claim. These allowances can reduce your tax bill significantly.

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