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Author Topic: Tax - accountants, deductible expenses, general information  (Read 47352 times)

KDB

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Re: Tax - accountants, deductible expenses, general information
« Reply #60 on: 07 April 2016, 08:04:35 am »
Quote from: nachos on 05 April 2016, 03:36:26 pm
I registered as an adult entertainer (dancer), but now my accountant told me he needs to have some sort of proof of income either a letter from a club I 'dance' at, or the agency I work for or something similar..
He said to me he doesn't want to get in trouble himself because of me (as he is chartered accountant and all), so I will have to provide him with some sort of proof, so that he is covered should anything occur.

Oh goodness he does not sound like the best person in the world to do your taxes.

When you have got your money's worth out of him let us know when you are ready to receive recommendations for a more clued-in one.  ::)
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amy

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Re: Tax - accountants, deductible expenses, general information
« Reply #61 on: 07 April 2016, 08:13:23 am »
Quote from: KDB on 07 April 2016, 08:04:35 am
Quote from: nachos on 05 April 2016, 03:36:26 pm
I registered as an adult entertainer (dancer), but now my accountant told me he needs to have some sort of proof of income either a letter from a club I 'dance' at, or the agency I work for or something similar..
He said to me he doesn't want to get in trouble himself because of me (as he is chartered accountant and all), so I will have to provide him with some sort of proof, so that he is covered should anything occur.

Oh goodness he does not sound like the best person in the world to do your taxes.

No he does not. Is there no way you can question his competance and cancel?

His 'proof of income' is your records, which you supply him with after you've kept them over the tax year and from which he can add your takings up. Does he ask window cleaners to get a formal letter of engagement from everybody whose windows they wash?
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nachos

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Re: Tax - accountants, deductible expenses, general information
« Reply #62 on: 10 April 2016, 02:19:30 pm »
Thank you ladies for your input. I have emailed him my statements and records for the tax year gone, as I want him to do my tax return now so I can pay it now rather than wait.

I'll see what he says and if he is 'happy' with whatever information I provided. If not, I will just have to cut my losses and let him go now. It's a learning curve and I decided it will be a lot more beneficial to my emotional equillibrium to do that rather than worry about the fee I paid him. :(
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KDB

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Re: Tax - accountants, deductible expenses, general information
« Reply #63 on: 10 April 2016, 06:37:37 pm »
Get what you have paid for then get an accountant who knows what he's doing!  ::)
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carachameleon

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Re: Tax - accountants, deductible expenses, general information
« Reply #64 on: 13 April 2016, 03:34:38 am »
I'm dreading the filing I have to do. I keep my receipts in a stash and need to sort them out. Errgghhhh. They dat back from last july. Gahhh
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LillyRose

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Re: Tax - accountants, deductible expenses, general information
« Reply #65 on: 13 April 2016, 08:06:27 pm »
I'm just wondering as escorts, what do you call your business to tax people? I'm in the middle of working my taxes out but I'm a little confused as to what to put as name of business. The reason I'm thinking about it is....although I model as well I'm not sure how flaky that may sound to say a landlord for example as I'm also looking for a flat within the next few months or so.

Would Dominatrix work as a good title? Or would that still put off landlords? I'm thinking it could work as that way it's still a good excuse to claim back expenses for travel & some items of clothing as well.....and possibly condoms?

Let me know your thoughts anyone, I'm pretty confused.
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Nia Hope

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Re: Tax - accountants, deductible expenses, general information
« Reply #66 on: 13 April 2016, 08:27:03 pm »
I put therapist on mine, I think it can cover/explain any expenses in our line of work x
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LillyRose

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Re: Tax - accountants, deductible expenses, general information
« Reply #67 on: 13 April 2016, 08:31:51 pm »
Quote from: Nia Hope on 13 April 2016, 08:27:03 pm
I put therapist on mine, I think it can cover/explain any expenses in our line of work x

Did you just put therapist or massage therapist or? What do you mange to claim back with expenses?
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trashbaby

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Re: Tax - accountants, deductible expenses, general information
« Reply #68 on: 13 April 2016, 08:35:57 pm »
You can claim back anything you want as a legitimate business expense.  It just depends whether you feel comfortable being sort of 'out' to HMRC.  They honestly don't give a shit as long as you pay your taxes. I think it was Amy who said that you could tell them you were a painter & decorator, and that you choose to use condoms to cover your brushes to keep them clean in the toolbox, and that would be perfectly justifiable and claimable.

I am down  as an Alternative Therapist and Freelance Writer, and I am soon going to add Webcam Services to that list to justify adultwork advertising costs, and lingerie/toys.
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Nia Hope

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Re: Tax - accountants, deductible expenses, general information
« Reply #69 on: 13 April 2016, 08:40:34 pm »
Quote from: MissNatalieLou on 13 April 2016, 08:31:51 pm
Quote from: Nia Hope on 13 April 2016, 08:27:03 pm
I put therapist on mine, I think it can cover/explain any expenses in our line of work x

Did you just put therapist or massage therapist or? What do you mange to claim back with expenses?
I just put therapist, I do mainly Domme sessions and claimed back for everything, St. Andrew's Cross, spanking bench, gyne bench, electrics etc etc, as Poppy said they don't care as long as they're getting their cut!
« Last Edit: 13 April 2016, 08:43:54 pm by Nia Hope »
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amy

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Re: Tax - accountants, deductible expenses, general information
« Reply #70 on: 13 April 2016, 08:47:51 pm »
Quote from: MissNatalieLou on 13 April 2016, 08:31:51 pm
Quote from: Nia Hope on 13 April 2016, 08:27:03 pm
I put therapist on mine, I think it can cover/explain any expenses in our line of work x

Did you just put therapist or massage therapist or? What do you mange to claim back with expenses?

Natalie, I've merged this with one of the larger of the many threads where this is covered, partly because there's a lot of useful information here (as well as in the Paying Taxes article on the main SAAFE site) but also so I don't have to type my stock post out again because it appears here about three times :).

Expenses are what you spend in order to be able to do your job. Provided that whatever you spend them on fits this description and they are categorically not for personal use, what your job is doesn't matter.
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LillyRose

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Re: Tax - accountants, deductible expenses, general information
« Reply #71 on: 13 April 2016, 09:02:03 pm »
Oooo I like those descriptions, I should probably put webcam services too. I just thought you had to have one title to be honest didn't realize you could put a few. And what have you said to landlords etc, have you faced any issues in that sense?

And okay that's amazing doesn't really matter about expenses matching to job title. I'm going to claim literally on everything I can. Just working out what I can call myself, as will have to say something when find new place and things to a landlord hmm..

Thank you everyone x
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LillyRose

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Re: Tax - accountants, deductible expenses, general information
« Reply #72 on: 13 April 2016, 09:05:29 pm »


Natalie, I've merged this with one of the larger of the many threads where this is covered, partly because there's a lot of useful information here (as well as in the Paying Taxes article on the main SAAFE site) but also so I don't have to type my stock post out again because it appears here about three times :).

Expenses are what you spend in order to be able to do your job. Provided that whatever you spend them on fits this description and they are categorically not for personal use, what your job is doesn't matter.
[/quote]

Thank you. Yes I realized I'd posted in wrong bit when had already posted lol
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Nia Hope

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Re: Tax - accountants, deductible expenses, general information
« Reply #73 on: 13 April 2016, 09:11:06 pm »
Quote from: MissNatalieLou on 13 April 2016, 09:02:03 pm
Oooo I like those descriptions, I should probably put webcam services too. I just thought you had to have one title to be honest didn't realize you could put a few. And what have you said to landlords etc, have you faced any issues in that sense?

And okay that's amazing doesn't really matter about expenses matching to job title. I'm going to claim literally on everything I can. Just working out what I can call myself, as will have to say something when find new place and things to a landlord hmm..

Thank you everyone x
Remember that our job is legal as indes and taxable so claim, claim, claim! I quite enjoy attempting to shock hmrc with the most outrageous equipment expenses x
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amy

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Re: Tax - accountants, deductible expenses, general information
« Reply #74 on: 13 April 2016, 09:14:34 pm »
Also remember that a landlord/prospective employer/random nosy bastard cannot ask HMRC to show them at your tax return and has no right to ask you either. It's sensitive personal information and between you, HMRC and your accountant if you have one :).

Quote from: Nia Hope on 13 April 2016, 09:11:06 pm
Remember that our job is legal as indes and taxable so claim, claim, claim! I quite enjoy attempting to shock hmrc with the most outrageous equipment expenses x

:D
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