Tax returns (by )

Many years ago, around 2000, I formed a limited company. A bunch of us wanted to rent a rack in a data centre and host our servers there, and it seemed wise to have a separate legal entity to sign the contract with the ISP for the rack.

This cost me some money here and there in fees, and I had to take the time to keep books and file annual reports and accounts, but it was bearable.

Then a few years later, I became a freelance software engineer, and as the company already existed, it made sense to operate through that. Making a profit rather than being propped up by cash loans from me meant the company's tax returns became more complex, so I paid an accountant to do those, and that was fine as the saved money in using the company paid for his fees.

So all was fine until 2007, when a flood destroyed our home (and my placed of work).

I had to keep working to support my family, so I went to London to borrow space to work and sleep in, and did what I could to keep cash flowing. But this meant I wasn't spending much time at home where my paperwork was, and had little time to deal with book keeping, and my post was arriving into a building site back home.

A year later we were able to move back in, to try and pick up the pieces. But life was harder than it had been, and Sarah was sicker, and it's taken me until 2012 to catch up.

But last week I submitted my last personal tax returns. Towards the end of last year, my last corporation tax returns. Earlier that year, my last VAT returns. And the good news is, I seem to be eligible for some tax back. I'm happy about that as a friend leant me a thousand pounds in 2007, and I've still yet to pay him back; my tax repayment will cover that, plus some interest and a little left over... I'll pop it into the savings account and wait a few months in case HMRC change their mind, however.

But having all this done is a huge weight off my mind, one that had hung over me for about for years. Right now I seem to be in a phase of shedding burdens and finishing things; the only big thing I have left hanging over me now is migrating my servers, then I can start relaxing a bit and get on with my projects for the year!

1 Comment

  • By @ndy, Fri 3rd Feb 2012 @ 1:40 am

    Good skills dude! I'm glad these burdens are finally coming to an end.

Other Links to this Post

RSS feed for comments on this post.

Leave a comment

WordPress Themes

Creative Commons Attribution-NonCommercial-ShareAlike 2.0 UK: England & Wales
Creative Commons Attribution-NonCommercial-ShareAlike 2.0 UK: England & Wales