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Author Topic: Gone legit !  (Read 2612 times)

Welsh Lass

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Gone legit !
« on: 17 September 2009, 11:48:20 am »
Well, I finally did it.
I finally registered as self employed and am now legit!
Hurrah!

Would not reccommend too long doing this without coming clean to the tax chiefs that your up to something. No matter what you say that something is.
I only realised this past week as I was going about sorting all aspects of self employment out legally, the strain I was carrying about with me. A sort of ducking and diving feeling, a worry about who was walking through my door, not just in the natural worry of personal safety and so on.... The catch her out and punish her tax-style worry!

Am currently searching the net for a good, basic, cheap if not free book keeping course. Any suggestions as to where one would be, very greatly received.
But for now, break out the nice, expensive coffee beans and percolate some up! It is all legit around my joint!
x
They're working on Viagra for women. Are they crazy? That's been around for hundreds of years - its called cash... Alonzo Boden.

cindy

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Re: Gone legit !
« Reply #1 on: 17 September 2009, 02:44:34 pm »
LOL. When I read the title of your post, my first thought was something untoward had happened. I read it as Gone! LEG IT!! Im so pleased for you but dont forget to look into what you can claim for on tax as you would be surprised. Also your national insurance you may be eligable for exemption or reduction depending how you play it. There may be many adult education courses starting up v. soon as the term starts a bit later than kids school. Good luck!
find out exactly how and why a man hoping to escort women for a living has more chance of plaiting fog, and better earning prospects on Jobseekers Allowance.

Violette

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Re: Gone legit !
« Reply #2 on: 17 September 2009, 04:12:22 pm »
Congratulations, now you can hand your clients VAT receipts for their taxes. :P

Sunny

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Re: Gone legit !
« Reply #3 on: 17 September 2009, 11:38:32 pm »
Hi Abby

If you ever need a hand on the practical book-keeping front, please feel free to let me know.  One of  the jobs I have is teaching the AAT book keeping course...not remotely exciting I know, but happy to help x

Welsh Lass

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Re: Gone legit !
« Reply #4 on: 18 September 2009, 09:20:30 am »
That's kind Sunny, thank you.
I am looking into a business course that the JC run for free. It's a three day thing where you get a crash course on what you need to do. I already did the actual run a business side of it last year, how to advertise and such stuff. Now I need to do the tax side of it!
I fully expect Mr Brown to pay for my condoms! Ha!
x
They're working on Viagra for women. Are they crazy? That's been around for hundreds of years - its called cash... Alonzo Boden.

LondonEvie

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Re: Gone legit !
« Reply #5 on: 18 September 2009, 09:31:36 am »


Also if you've not seen Jolyon's Tax book, It's specifically aimed at escorts and 'cash based business'  and made everything extremely easy for me :)

strawberry

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Re: Gone legit !
« Reply #6 on: 19 September 2009, 12:06:42 pm »
I've completed part of the AAT course and will say it just isn't needed! All you do is keep records of your ins and outs. Total at end of year and enter into the online submission form. The biggest decisions will be regarding the proportion of rent/bills that you claim. The tax form even has a calculator that works out depreciation on your car these days.

 :o

Sunny

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Re: Gone legit !
« Reply #7 on: 19 September 2009, 09:32:28 pm »
I've completed part of the AAT course and will say it just isn't needed!

Agreed...too much!  As long as you keep VAT (if you're also VAT registered) receipts for anything over ?100 (everything else is excused).  In's and outs is all you need...as long as you know how to categorise them.  Cash businesses are fairly easy to deal with.  I have spent the past couple of weeks researching the tax precedent on facials and fake tans...fun!

Carla

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Re: Gone legit !
« Reply #8 on: 20 September 2009, 01:21:32 pm »
Nice one Abby! There are a couple of good "for dummies" guides to about book keeping etc- they are brilliant for reference. I think I have learned everything I know about the world from dummy's guides!x

KatieKurves

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Re: Gone legit !
« Reply #9 on: 25 September 2009, 06:47:07 pm »
LOL.  I read it as Gone! LEG IT!!

 ;D ;D