Hi everyone,
I have been escorting for a couple of months now, so I now need to get round to registering with the IR as self employed. Just wanted to ask you all, what do you put down as your job description/business?? Are you all totally honest with them about what you do and put down that you are an escort, or not?
I want to make sure I keep my business all above board etc, but I am worried about people finding out about what I am now doing!!
Many thanks guys,
Lou x
What you register as your business name could be relevant if you'd also need to deduct other expenses and declare profits of any other activities that you do. For instance, some people might be IT professionals as well as working in the sex industry. A friend of mine put "IT professional" but is also claiming expenses and declare earnings made from sex industry as well.
I have put in "Model" as job description, cause at the time I went self employed I did do nude modelling. However, if you happen to have other interests, say you're an artist, then nothing stops you to put "Art/Video Installation" alongside "Model" (or "consultancy", "alternative therapist" if that suits as better descriptions of your work as an escort). That way, it justifies you deducting any expenses that you do for your art work.
When I openned a business account I was asked what my business did. I said entertainment (since I'm also trying to do some creative work) and luckily wasn't asked any more questions. I've also requested a doubble sided paying in book (for inserting money at the bank) so I could write in names of Mr So-and-so for each booking.
I was told that I needed to have invoices from clients at a Business Start Up course, but honestly God, who asks for them at a booking...
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So my double sided paying in book acts as my proof of earnings. (a friend's idea who also works in sex industry, although not escorting).
However, technically you don't actually NEED a business account. Only a separate account for your business earnings, which could be just another current account.
Hope that helps,
~ Tartlet