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I was not trading before this financial year, i understand tax returns in Jan 14 are for the financial year apr 2012 - apr 2013. So if I understand correct, I will not have to file a tax return until Jan 2015?

My accountant has quoted £600 - £1000 plus Vat to prepare accounts and tax return. I think I will be saying goodbye to him tomorrow.

Cheers. I am under the impression that I can claim on all expenditure like rent ( space in a retail outlet ), phone, fuel, cost of stock, stationery, van hire for deliveries?, website hostings? Correct me if I am wrong. I am learning all the time.

My accounts are all in good order, all receipts sorted into sales, expenditure so I presume its just a case of filling in a tax return.

Is it advisable to do your end of year preperation of accounts and tax return yourself, or pay an Accountant? I am self employed and January will be my first years tax return. My accountant has told me how much he will charge which is quite scary. What would the average cost be for preperation...