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Topic: Accountants rule!  (Read 1693 times)

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Accountants rule!
« on: April 10, 2006, 03:26:20 PM »
I say this before knowing if i owe the US or not.  But my accountant figured out that the UK had held back about £1200 extra for emergency tax my first year here!  So even paying my accountant's fees, i still profit about £450.00 from getting him to do my taxes!

That was very exciting.  Go accountants....and people, check with the Inland Revenue if they witheld the emergency tax! i never did, i thought it wasn't going to be alot!!!!


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Re: Accountants rule!
« Reply #1 on: April 10, 2006, 03:29:57 PM »
Wow - shouldn't your employer have done that for you?  My employer refunded it back to me just a few months ago after I got the correct code....Well at least you're getting it back!


Re: Accountants rule!
« Reply #2 on: April 10, 2006, 03:38:51 PM »
Wow, that's excellent news, Amy! I got a few hundred back a few months ago - Inland Revenue sent me a letter saying they thought I had paid too much last year, I filled out the form they enclosed, and a couple of months later a cheque appeared! SUCH a nice treat when that happens!


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Re: Accountants rule!
« Reply #3 on: April 10, 2006, 04:51:06 PM »
no they didn't geetak!!!!!!

I think he's a bit miffed at me as i didn't get my offshore account open in time and now i lose the ££ from all my overseas work days in 2005. That sucks.  I work out of the UK a lot....so it would have been a few grand.  :\\\'(

Freaking company would not let me change my bank instructions!!!!!!!!!!!!!


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Re: Accountants rule!
« Reply #4 on: April 10, 2006, 04:56:47 PM »
no they didn't geetak!!!!!!

I think he's a bit miffed at me as i didn't get my offshore account open in time and now i lose the ££ from all my overseas work days in 2005. That sucks.  I work out of the UK a lot....so it would have been a few grand.  :\\\'(

Freaking company would not let me change my bank instructions!!!!!!!!!!!!!

Hmmm maybe I should get your accountant's contact info if you are happy with him...I have many questions about this offshore account thing!


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Re: Accountants rule!
« Reply #5 on: April 10, 2006, 05:34:30 PM »
Amiloo -

I am not 100% certain from what you have said that you have actually lost the entire tax-break for 2005 by not having your pay deposited offshore.

If you want to send me a private message, I'd be glad to discuss this with you...there are a few things in my mind that may just work in your favour...

 ;)


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Re: Accountants rule!
« Reply #6 on: April 11, 2006, 09:40:28 AM »
I agree with guya, you should not have lost the tax break for 2005 by having your pay depsoited in the UK.  I got back a big refund from Inland Revenue in 2005 and had my pay deposited in the UK.







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Re: Accountants rule!
« Reply #7 on: April 12, 2006, 09:18:14 AM »
Ok, then what is going on?   Will i benefit at all from filing UK taxes still, even though all my pay is in the UK?  As mentioned i had about 15 days out of the UK on work......

arrrgggghhhh.  and he is out of the office, so i can't get a response from him!


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Re: Accountants rule!
« Reply #8 on: April 12, 2006, 06:30:13 PM »
I say this before knowing if i owe the US or not.  But my accountant figured out that the UK had held back about £1200 extra for emergency tax my first year here!  So even paying my accountant's fees, i still profit about £450.00 from getting him to do my taxes!

That was very exciting.  Go accountants....and people, check with the Inland Revenue if they witheld the emergency tax! i never did, i thought it wasn't going to be alot!!!!

Hi there, this "emergency tax"- would they hit a UK citizen (who has just started working in England for the first time)? Or is it more geared toward people who are on work visas etc.?

Thanks
AMERICAN FREAK!


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Re: Accountants rule!
« Reply #9 on: April 12, 2006, 11:45:29 PM »
Emergency tax is easy to spot if you have a letter "X" at the end of your tax code.  Alternatively just ask your employer.  It affects everyone.


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Re: Accountants rule!
« Reply #10 on: April 13, 2006, 03:30:14 PM »
guya, i had PM'ed you?  No response?


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