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Tax

Scheduled Pinned Locked Moved The Lounge
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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

    1 Reply Last reply
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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
        0
        • 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

            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
              #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.

              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!

                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.

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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.

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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?

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