Tax

[JMK NI]

It struck me today that I have been working for myself for the best part of this year, and haven't gave the government any of my money! I'm guessing I need to do that soon or they will send me to jail or something :laugh: Anybody (in the UK) got any advice? Recomendations for applications to work it out etc? I have brought a tonne of tech (computers, phones, tablets etc) to do my job which I understand is tax deductible. I work from home a lot too so maybe the electric/broadband is deductible also? I'm crawling Google now to learn what I need to do but thought I would ask on here also as I might get some good advice from fellow freelancers Cheers!

[NeverJustHere]

Go see an accountant. I did, and was surprised how much they were able to help - it literally put thousands in my pocket. They know the rules inside out. Is it worth your time to become an expert in this area? Plus, their fees are tax deductible.

[Lost User]

There is only one answer to your problem and NeverJusthere has given it.

Peter Wasser "The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts." - Bertrand Russell

[Ravi Bhavnani]

JMK-NI wrote:

Anybody (in the UK) got any advice?

Yes, your accountant.  If you don't have one, please get one! :) /ravi

My new year resolution: 2048 x 1536 Home | Articles | My .NET bits | Freeware ravib(at)ravib(dot)com

[JMK NI]

There seems to be a bit of a theme growing here :laugh:

[Ravi Bhavnani]

Indeed!  I +5'd your post. :) /ravi

My new year resolution: 2048 x 1536 Home | Articles | My .NET bits | Freeware ravib(at)ravib(dot)com

[Munchies_Matt]

If you are self employed anything that allows you to do your job is a business expense, and therefore deductible. This includes, car, home, electric, all IT purchases, training, entertaiment, comestibles (coffee tea etc)... literally, anythnig youcan think of.

Sign a petition calling for the boycott of Israel until it returns to its legal 1967 borders.

[Lost User]

JMK-NI wrote:

t struck me today that I have been working for myself for the best part of this year,

Fail to plan === plan to fail.

PooperPig - Coming Soon

[Nagy Vilmos]

So you've picked up the hint: GET A BLOODY ACCOUNTANT!

[Dalek Dave]

Do you have receipts? If so, I can draught a set of accounts for you. (I am an accountant).

--------------------------------- Obscurum per obscurius. Ad astra per alas porci. Quidquid latine dictum sit, altum videtur.

[Rage]

NeverJustHere wrote:

Plus, their fees are tax deductible.

O the irony :rolleyes:

~RaGE();

I think words like 'destiny' are a way of trying to find order where none exists. - Christian Graus Entropy isn't what it used to.

[OriginalGriff]

Dalek Dave wrote:

(I am an accountant).

(We might have noticed)

Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...

[Lost User]

As well as getting an accountant you need to register your business (Ltd company or sole trader) with HMRC as soon as possible. If you leave it until they find you then you are in for a whole lot of trouble.

[Rage]

Step 1. Do not tell anyone. Oups ! :)

~RaGE();

I think words like 'destiny' are a way of trying to find order where none exists. - Christian Graus Entropy isn't what it used to.

[Gizz]

Including dog food. As it's a guard dog. :)

[Mark_Wallace]

1. Work out how much you earned. 2. Count how much you've got left. 3. Send it to them. 4. Pray.

I wanna be a eunuchs developer! Pass me a bread knife!

[Munchies_Matt]

Yes. :)

Sign a petition calling for the boycott of Israel until it returns to its legal 1967 borders.

[GenJerDan]

You were probably fine...until you announced this in a publicish forum. :p

We won't sit down. We won't shut up. We won't go quietly away. YouTube and My Mu[sic], Films and Windows Programs, etc.

[JMK NI]

Done!

[JMK NI]

Serious offer? If so want to set up a Skype call lol?