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?