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Author Topic: Tax - accountants, deductible expenses, general information  (Read 47426 times)

Shaunashaun

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Re: Tax - accountants, deductible expenses, general information
« Reply #255 on: 04 April 2019, 08:28:12 am »
On the subject of tax.  I live 25 miles from where I work ( I don't want to work in my home town for ID reasons) I rent a flat to work from and claim it as an expense in my tax calculations. 
My question is am I allowed to claim the mileage I use to drive to my place of work as if it was an outcall?
Thanks x

VoluptuousCurves

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Re: Tax - accountants, deductible expenses, general information
« Reply #256 on: 04 April 2019, 08:56:08 am »
My understanding is no, daily commutes cannot be claimed - however any outcall mileage and if you go on tour can be.
And me, I am not a mess, I am a wilderness, yes
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V24

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Re: Tax - accountants, deductible expenses, general information
« Reply #257 on: 04 April 2019, 03:40:09 pm »
On the subject of tax.  I live 25 miles from where I work ( I don't want to work in my home town for ID reasons) I rent a flat to work from and claim it as an expense in my tax calculations. 
My question is am I allowed to claim the mileage I use to drive to my place of work as if it was an outcall?
Thanks x

No you can't.  You can charge for outcall travel and any other work related travel just not the getting to your regular place of work.  I bank my money every week and I actually put through the mileage to the bank and bank, adds up over a year.

DiscreetLady

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Re: Tax - accountants, deductible expenses, general information
« Reply #258 on: 05 April 2019, 11:46:56 am »
soon im going back to full time escorting and i think i should start paying taxes. This will be my first time and i know nothing about it or just the basics, neither do i know if we are required legally to pay taxes for this kind of work as im not sure if it is regulated in the uk. My questions come after seeing many posts from girls here seeking advice about accountants so i thought i should look into it too, or most of us don't pay taxes?

**do you tell your accountant what you do or something else? and if something else then what do you say something like makeup artist, beauty services...?
**i understand that we have to prove our cost of doing business to hmrc as well as our profits but how?? i dont provide invoices to customers and i get paid by cash, like most of you i guess. So impossible to prove my earnings.
**should i declare honestly what i earn or less, and why? what's the benefit and cons of either way?
**what can be included in cost of running the business? rent and bills (if working from home), hotel stays and transport to get there (if touring), food consumed during working days, cost of material such as condoms, lube, tissues, clothes, lingerie, etc...
**will I get a pension in the future if I contribute regardless of what kind of work, even if this is the only work I have done?
**what figure do we register as company, sole trader, self-employed...?

i really have no idea how it works but hope you guys can point me in the right direction, and even more, should i pay taxes or not? and why? benefits and cons?
« Last Edit: 05 April 2019, 12:11:11 pm by DiscreetLady »
why have cotton when you can have silk???

amy

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Re: Tax - accountants, deductible expenses, general information
« Reply #259 on: 05 April 2019, 12:39:54 pm »
Paying taxes isn't optional - there's no 'should' or 'shouldn't' about it and given the amount of time you've been posting here I'm guessing you've already taken far more out of the system than you've ever put in. Tax evasion is an offence - nobody gets to choose any more than we choose whether or not to shoplift or steal peoples' wallets.

Eighteen pages of information above to be getting on with :).


Mirror

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Re: Tax - accountants, deductible expenses, general information
« Reply #260 on: 05 April 2019, 12:43:03 pm »
soon im going back to full time escorting and i think i should start paying taxes. This will be my first time and i know nothing about it or just the basics, neither do i know if we are required legally to pay taxes for this kind of work as im not sure if it is regulated in the uk. My questions come after seeing many posts from girls here seeking advice about accountants so i thought i should look into it too, or most of us don't pay taxes?

**do you tell your accountant what you do or something else? and if something else then what do you say something like makeup artist, beauty services...?
**i understand that we have to prove our cost of doing business to hmrc as well as our profits but how?? i dont provide invoices to customers and i get paid by cash, like most of you i guess. So impossible to prove my earnings.
**should i declare honestly what i earn or less, and why? what's the benefit and cons of either way?
**what can be included in cost of running the business? rent and bills (if working from home), hotel stays and transport to get there (if touring), food consumed during working days, cost of material such as condoms, lube, tissues, clothes, lingerie, etc...
**will I get a pension in the future if I contribute regardless of what kind of work, even if this is the only work I have done?
**what figure do we register as company, sole trader, self-employed...?

i really have no idea how it works but hope you guys can point me in the right direction, and even more, should i pay taxes or not? and why? benefits and cons?

All income is taxable we are obliged to declare income from sex work.

My accountant knows the exact nature of my work, I use Escort as the description. I keep a record of income in a diary which corresponds to my bank statements. Most expenses are paid from a credit card, or bank and I keep a note of any which are paid using cash.

Your state pension depends on your National Insurance contributions, you can request a pension check through the .gov. uk website.


Kay

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Re: Tax - accountants, deductible expenses, general information
« Reply #261 on: 05 April 2019, 03:02:36 pm »
soon im going back to full time escorting and i think i should start paying taxes. This will be my first time and i know nothing about it or just the basics, neither do i know if we are required legally to pay taxes for this kind of work as im not sure if it is regulated in the uk. My questions come after seeing many posts from girls here seeking advice about accountants so i thought i should look into it too, or most of us don't pay taxes?

i really have no idea how it works but hope you guys can point me in the right direction, and even more, should i pay taxes or not? and why? benefits and cons?

My mind is completely boggled by this - why on earth would you think you wouldn't need to pay income tax??  ???
"There is no sin except stupidity" - Oscar Wilde

DiscreetLady

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Re: Tax - accountants, deductible expenses, general information
« Reply #262 on: 05 April 2019, 04:22:27 pm »
My mind is completely boggled by this - why on earth would you think you wouldn't need to pay income tax??  ???

i dont know how it works for escorts here or whether it is regulated but i am glad it is possible to pay tax for it. I'm actually very preocuppied about the future and wanna start paying taxes asap, will delve deeper into it once i get back to work.
why have cotton when you can have silk???

MsRedhead

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Re: Tax - accountants, deductible expenses, general information
« Reply #263 on: 06 April 2019, 11:34:29 am »
i dont know how it works for escorts here or whether it is regulated but i am glad it is possible to pay tax for it. I'm actually very preocuppied about the future and wanna start paying taxes asap, will delve deeper into it once i get back to work.

it's fully criminalised in the USA but it's still taxable...

Mirror

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Re: Tax - accountants, deductible expenses, general information
« Reply #264 on: 06 April 2019, 11:38:14 am »
it's fully criminalised in the USA but it's still taxable...

As I understand it even illegal activities are taxable in the UK, brothels are often served with a tax bill if they haven't been paying.

DiscreetLady

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Re: Tax - accountants, deductible expenses, general information
« Reply #265 on: 06 April 2019, 11:55:44 am »
How to prove the income without invoices as it’s all paid by cash?
why have cotton when you can have silk???

English Green

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Re: Tax - accountants, deductible expenses, general information
« Reply #266 on: 06 April 2019, 12:19:01 pm »
How to prove the income without invoices as it’s all paid by cash?

You do not need to prove it if a business is paid by cash how can it be proved? Just put down what you take and keep all expenses

LotusFlower

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Re: Tax - accountants, deductible expenses, general information
« Reply #267 on: 06 April 2019, 11:53:36 pm »
Paying taxes isn't optional - there's no 'should' or 'shouldn't' about it and given the amount of time you've been posting here I'm guessing you've already taken far more out of the system than you've ever put in. Tax evasion is an offence - nobody gets to choose any more than we choose whether or not to shoplift or steal peoples' wallets.

Eighteen pages of information above to be getting on with :).

+1

It really gets on my nerves when I hear of people not paying their taxes, sex work or no sex work, but even more with sex work given how much we can earn.

You think I want to declare and pay tax on what I earn? No. My tax bill for this year is nearly 15k. But do I want to face jail time over tax fraud? I'd rather pay the 15k.

I use the NHS, my kid goes to school, my dentist's bill is considerably lower than what it would be in a country that doesn't have a system like ours - what makes me so special to think I shouldn't contribute to the system I use? I'm not, and neither is anyone else.

Mirror

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Re: Tax - accountants, deductible expenses, general information
« Reply #268 on: 07 April 2019, 08:37:18 am »
+1

It really gets on my nerves when I hear of people not paying their taxes, sex work or no sex work, but even more with sex work given how much we can earn.

You think I want to declare and pay tax on what I earn? No. My tax bill for this year is nearly 15k. But do I want to face jail time over tax fraud? I'd rather pay the 15k.

I use the NHS, my kid goes to school, my dentist's bill is considerably lower than what it would be in a country that doesn't have a system like ours - what makes me so special to think I shouldn't contribute to the system I use? I'm not, and neither is anyone else.

Some punters have told me during bookings that they wouldn't declare anything if they were a sex worker ::)

EvelynWho

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Re: Tax - accountants, deductible expenses, general information
« Reply #269 on: 07 April 2019, 11:39:27 am »
Some punters have told me during bookings that they wouldn't declare anything if they were a sex worker ::)

Every client who’s asked has loudly laughed when I tell them of course I pay tax. Whatever do they think we are, haha xx