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Tax

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  • J 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!

    N Offline
    N Offline
    NeverJustHere
    wrote on last edited by
    #2

    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.

    R 1 Reply Last reply
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    • J 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!

      L Offline
      L Offline
      Lost User
      wrote on last edited by
      #3

      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

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      • J 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!

        R Offline
        R Offline
        Ravi Bhavnani
        wrote on last edited by
        #4

        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

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        • R 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

          J Offline
          J Offline
          JMK NI
          wrote on last edited by
          #5

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

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          • J JMK NI

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

            R Offline
            R Offline
            Ravi Bhavnani
            wrote on last edited by
            #6

            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

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            • J 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!

              M Offline
              M Offline
              Munchies_Matt
              wrote on last edited by
              #7

              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.

              G 1 Reply Last reply
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              • J 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!

                L Offline
                L Offline
                Lost User
                wrote on last edited by
                #8

                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

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                • J JMK NI

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

                  N Offline
                  N Offline
                  Nagy Vilmos
                  wrote on last edited by
                  #9

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

                  J 1 Reply Last reply
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                  • J 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!

                    D Offline
                    D Offline
                    Dalek Dave
                    wrote on last edited by
                    #10

                    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.

                    OriginalGriffO J 2 Replies Last reply
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                    • N 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.

                      R Offline
                      R Offline
                      Rage
                      wrote on last edited by
                      #11

                      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.

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                      • D 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.

                        OriginalGriffO Offline
                        OriginalGriffO Offline
                        OriginalGriff
                        wrote on last edited by
                        #12

                        Dalek Dave wrote:

                        (I am an accountant).

                        (We might have noticed)

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

                        "I have no idea what I did, but I'm taking full credit for it." - ThisOldTony
                        "Common sense is so rare these days, it should be classified as a super power" - Random T-shirt

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                        • J 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!

                          L Offline
                          L Offline
                          Lost User
                          wrote on last edited by
                          #13

                          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.

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                          • J 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!

                            R Offline
                            R Offline
                            Rage
                            wrote on last edited by
                            #14

                            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.

                            1 Reply Last reply
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                            • M 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.

                              G Offline
                              G Offline
                              Gizz
                              wrote on last edited by
                              #15

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

                              M 1 Reply Last reply
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                              • J 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!

                                M Offline
                                M Offline
                                Mark_Wallace
                                wrote on last edited by
                                #16

                                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!

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                                • G Gizz

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

                                  M Offline
                                  M Offline
                                  Munchies_Matt
                                  wrote on last edited by
                                  #17

                                  Yes. :)

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

                                  1 Reply Last reply
                                  0
                                  • J 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!

                                    G Offline
                                    G Offline
                                    GenJerDan
                                    wrote on last edited by
                                    #18

                                    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.

                                    1 Reply Last reply
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                                    • N Nagy Vilmos

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

                                      J Offline
                                      J Offline
                                      JMK NI
                                      wrote on last edited by
                                      #19

                                      Done!

                                      1 Reply Last reply
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                                      • D 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.

                                        J Offline
                                        J Offline
                                        JMK NI
                                        wrote on last edited by
                                        #20

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

                                        1 Reply Last reply
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