tax return - micro entreprise

[Danny]

Last year my accountant dealt with our tax declaration - all well and good but this year I am wondering if I can manage without using the accountant and just fill in the tax return myself. I am more confident generally with the system and we don't have a lot of spare cash at the moment...

Is it a matter of filling in the appropiate income amounts for my micro entreprise along with the other bits and pieces of income OR do I need to supply details of all my income and outgoings along with the declaration in a certain format? I have well kept records for that if necessary. I am just not sure how it would be laid out exactly.

Our situation: my micro entreprise with very small income (no danger of going over limits) and small expenditure. Some income from rented house. Wife who has just started a new job and a few very small bits of income from interest on UK bank accounts.

I am happy to use the accountant if it is a complicated procedure but will be even more happy to do it myself and save 1000 euros if it is just a question of declaring amounts in the right places. Am I right in thinking that with the micro regime, expenditure is not declared but certain allowances are assumed or granted.?

If I have got the wrong end of the stick, please tell me. Any other points or observations would be welcome

Danny

 

 

[Will]

You are right in assuming that for a business taxed under the micro bic or micro bnc regime you just fill in the 'income' boxes and a standard percentage is deducted for outgoings.You do, of course, have to keep proper records, because the tax officials may ask to see these to ensure that you are declaring all you need to declare.

If the accountant you have been using merely fills in the annual income tax forms for you, then you are probably better off doing it yourself. The value of an accountant is the advice you get throughout the year on cotisations, professional tax etc. Our own experience was that our accountant was able to reduce both cotisations and tax by opting for the réel regime rather than micro (under which we had done our own annual return), even though this meant quarterly TVA returns, and to get some very suspect cotisations bills reduced, all with the overall result that the savings more than covered the annual fee.

[Danny]

thanks Will.

That is encouraging

Danny

[Owen]

Hello,

From what you have written I do not think paying an accountant is worthwhile in your case. Further, as your affairs seem to be relatively straightforward ask for advice from your local 'Hotel des Impots". They may well have a member of staff who deals with the affairs of foreigners.

In my experience the staff of the French tax authorities are very helpful and if your circumstances do not require detailed counsel from professional advisors approach visit the "fiscs". In my opinion they are are a considerable improvement in the Inland Revenue in the UK.

Regards

Owen