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Tax

Scheduled Pinned Locked Moved The Lounge
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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.

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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.

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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!

                  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!

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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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