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Author Topic: Tax - accountants, deductible expenses, general information  (Read 45346 times)

amy

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Re: Tax - accountants, deductible expenses, general information
« Reply #435 on: 20 May 2022, 03:20:49 pm »
No, invoices are not necessary (any more than they are when you buy a drink in a pub), just proper recordkeeping - a diary with your appointments and earning in are fine. And don't forget to keep your receipts so you can claim the tax relief on your expenses.

Please start separate topics for unrelated questions, and then the threads stay on topic and don't blget jumbled up or derailed :).

Olivia715

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Re: Tax - accountants, deductible expenses, general information
« Reply #436 on: 20 May 2022, 03:29:54 pm »
Hi, just found this. I’m struggling with the idea of invoices. So if 200 pound cash goes in my bank, and I want to declare that as income, aren’t HMRC going to want an invoice to prove where it came from or do they just take your word for it?

amy

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Re: Tax - accountants, deductible expenses, general information
« Reply #437 on: 20 May 2022, 03:35:53 pm »
I've answered your question (and merged your other post) above :)

Olivia715

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Re: Tax - accountants, deductible expenses, general information
« Reply #438 on: 20 May 2022, 03:37:02 pm »
Sorry still struggling with how the site works. Got the answer I needed Amy thank you so much

amy

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Re: Tax - accountants, deductible expenses, general information
« Reply #439 on: 20 May 2022, 03:48:00 pm »
That's OK! It's a massively long thread I know, but basically you just need to keep records of what comes in and what goes out (this is any money you spend on things you need to run your business; condoms, hosiery, taxi fares, whatever) and then at the end of the tax year you add up what you've earned and take off what you've spent. This is your profit, and what you pay tax on after your personal allowance which is the amount you can earn before you start paying tax.

So if you earn £40K and spend £15K, your profit is £25K. The personal allowance this year is £12,570, so you'll be paying tax on the remaining £12430 (and also National Insurance, but that's a story for another day) :)

Moonlight2020

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Re: Tax - accountants, deductible expenses, general information
« Reply #440 on: 06 August 2022, 07:16:32 pm »
Good afternoon, I need help and maybe you can guide me. Can anyone recommend an accountant? I have no idea how to start paying my taxes. Please

Thanks

Gypsy

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Re: Tax - accountants, deductible expenses, general information
« Reply #441 on: 06 August 2022, 11:09:09 pm »
Good afternoon, I need help and maybe you can guide me. Can anyone recommend an accountant? I have no idea how to start paying my taxes. Please

Thanks

Messaged you  :)
These days there are no Prince Charmings. A girl just has to be her own hero

Moonlight2020

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Re: Tax - accountants, deductible expenses, general information
« Reply #442 on: 07 August 2022, 10:20:19 am »
Thanks  ;)

mySecret

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Re: Tax - accountants, deductible expenses, general information
« Reply #443 on: 27 October 2022, 07:40:38 am »
 ;D

so just sharing
i left uk on 10 may 2021
so i must do the tax return only april and may 2021 and closing trading
what i need to show that i m not in uk? i mean i want to be legal and pay my taxes. now i m in Dubai tax free
ana ccountant asked me proof and sent visa, rent contract, shopping bills and she said is not enough this is an excuse IMO
she does not ask for a specific ones and i mean more than a visa what can be enough.

i m looking for accountant now bc i m abroad i can not myself. please suggest one thanks

Miss luxe xx

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Re: Tax - accountants, deductible expenses, general information
« Reply #444 on: 01 November 2022, 12:11:02 am »
Hey, just wondering if anyone has some tips for me please I am wanting to register as self employed as I am doing escorting full time now and need to get it sorted. I am wanting to keep it discreet though does anyone know what I could use for the job title and would I be classed as a sole trader?
Any tips would be amazing as I am so lost with it all
Thankyou xx

mySecret

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Re: Tax - accountants, deductible expenses, general information
« Reply #445 on: 01 November 2022, 07:54:38 am »
Hey, just wondering if anyone has some tips for me please I am wanting to register as self employed as I am doing escorting full time now and need to get it sorted. I am wanting to keep it discreet though does anyone know what I could use for the job title and would I be classed as a sole trader?
Any tips would be amazing as I am so lost with it all
Thankyou xx

massage therapist, stylist, ... when i started i paid an accountant who knows i was escorting he suggested stylist

Gypsy

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Re: Tax - accountants, deductible expenses, general information
« Reply #446 on: 01 November 2022, 11:22:33 am »
Hey, just wondering if anyone has some tips for me please I am wanting to register as self employed as I am doing escorting full time now and need to get it sorted. I am wanting to keep it discreet though does anyone know what I could use for the job title and would I be classed as a sole trader?
Any tips would be amazing as I am so lost with it all
Thankyou xx

Mine has me down as entertainer  :)
These days there are no Prince Charmings. A girl just has to be her own hero

Kay

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Re: Tax - accountants, deductible expenses, general information
« Reply #447 on: 01 November 2022, 11:58:28 pm »
Hey, just wondering if anyone has some tips for me please I am wanting to register as self employed as I am doing escorting full time now and need to get it sorted. I am wanting to keep it discreet though does anyone know what I could use for the job title and would I be classed as a sole trader?
Any tips would be amazing as I am so lost with it all
Thankyou xx

I'm an 'alternative therapist'. It really doesn't make much difference so long as you can claim for what you need to and do your accounts properly (i.e. could withstand an HMRC investigation). I'd advise hiring an accountant, at least to get you started.
"There is no sin except stupidity" - Oscar Wilde

Escortx

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Re: Tax - accountants, deductible expenses, general information
« Reply #448 on: 16 December 2022, 11:31:01 am »
Can I put uber to clients outcall as am expense? Even if the client pays?

Mirror

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Re: Tax - accountants, deductible expenses, general information
« Reply #449 on: 16 December 2022, 12:32:56 pm »
Can I put uber to clients outcall as am expense? Even if the client pays?

I would guess you'd then have to declare the amount paid by client as income, out of which your transport was paid.