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Author Topic: Tax - accountants, deductible expenses, general information  (Read 47466 times)

SexySxxx

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Re: Tax - accountants, deductible expenses, general information
« Reply #330 on: 06 September 2019, 11:57:03 am »
Hi
I’m trying to register as self employed on the hmrc website. Is it me or is it virtually impossible to understand how to do this???
How do actually register? It shows me steps on how to get started, what to call my business name, sending in tax returns etc but now how to REGISTER!!
Getting so frustrated, trying to do the right thing but don’t know how  :FF

Can anyone help please?

amy

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Re: Tax - accountants, deductible expenses, general information
« Reply #331 on: 06 September 2019, 01:03:51 pm »
It's so long since I did it I can't remember the details  :-\ but if you're really stuck I'd call the helpline. It isn't a crazy busy time of year so you shouldn't have to wait too long and they're very helpful with everything (they've heard it all before, just like us :)).

SexySxxx

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Re: Tax - accountants, deductible expenses, general information
« Reply #332 on: 06 September 2019, 07:30:59 pm »
Thanks Amy. Been on phone waiting for an hour...think I’ll leave it for now.

LotusFlower

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Re: Tax - accountants, deductible expenses, general information
« Reply #333 on: 06 September 2019, 09:34:26 pm »
Hi
I’m trying to register as self employed on the hmrc website. Is it me or is it virtually impossible to understand how to do this???
How do actually register? It shows me steps on how to get started, what to call my business name, sending in tax returns etc but now how to REGISTER!!
Getting so frustrated, trying to do the right thing but don’t know how  :FF

Can anyone help please?

Yes, I had the same issue when I tried to register. Then worse issues when I tried to do my first tax return. I ended up getting frustrated, depsite the nunerous calls to the helpdesk. I ended up getting a penalty for over £1000 for filing late.

I now use an accountant. Moral of the story - deal with this now or get an accountant , because they will nail you if you register or file late!

JasminePetite

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Re: Tax - accountants, deductible expenses, general information
« Reply #334 on: 08 October 2019, 05:40:43 pm »
If you do get audited/investigated they will expect to see a breakdown of 'jobs'.  No names necessary but time of booking and length as you would in a diary.  They would expect you to keep a diary of bookings and are entitled to see that if necessary.  Just putting a lump sum each day or week would lead them to ask for more records.  I keep a diary, and I even keep in the no shows or cancelled bookings and just put a line through them.  The more you show you are keeping records the less they will delve.

It doesn't matter what you say you do you can claim anything you buy for work as if they investigate you would have to fess up what you do anyway and it isn't an issue.  However, be careful claiming makeup, clothes and beauty treatments unless you can prove none of those are used in your personal life or that you would get no benefit from it personally.

I put "30 minute incall" "1 hour outcall" with the price and date next to it...not sure if that is enough info though

Honeyxx

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Re: Tax - accountants, deductible expenses, general information
« Reply #335 on: 29 October 2019, 07:35:10 am »
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« Last Edit: 20 November 2021, 01:14:00 am by Honeyxx »

Mirror

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Re: Tax - accountants, deductible expenses, general information
« Reply #336 on: 29 October 2019, 08:18:06 am »
Ive just started getting paranoid about if i ever got audited and they see my expenses for incall premises which are hotels, wouldn’t they end up going into that as isn’t it illegal to work from a hotel ?
Even as a ‘therapist’ or ‘entertainer’ ? With entertainer wouldn’t they ask ask further questions about why I use a hotel for this ‘entertainment’ And ask for specifics ?
Or is it ok and I have nothing to worry about?
Thanks

Are you in the UK, if so it is not illegal to work from a hotel. A hotel may have terms and conditions asking guests not to run a business from their rooms, however that's a private civil matter. I have actually used a business in a hotel room.

Also HMRC are not bothered where the income comes from, they simply want the due tax.

As far as I understand you can use whatever business title, you would just explain the nature of the business if audited. I use a popular name for prostitute on my tax return, it's not 'Brass'  ;D

DiscreetLady

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Re: Tax - accountants, deductible expenses, general information
« Reply #337 on: 29 October 2019, 09:11:17 am »
Ive just started getting paranoid about if i ever got audited and they see my expenses for incall premises which are hotels, wouldn’t they end up going into that as isn’t it illegal to work from a hotel ?
Even as a ‘therapist’ or ‘entertainer’ ? With entertainer wouldn’t they ask ask further questions about why I use a hotel for this ‘entertainment’ And ask for specifics ?
Or is it ok and I have nothing to worry about?
Thanks

You can say you stayed in these hotels as a holiday
why have cotton when you can have silk???

Mirror

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Re: Tax - accountants, deductible expenses, general information
« Reply #338 on: 29 October 2019, 09:47:54 am »
You can say you stayed in these hotels as a holiday

How is that a work expense? ???

English Green

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Re: Tax - accountants, deductible expenses, general information
« Reply #339 on: 29 October 2019, 10:02:08 am »
You can say you stayed in these hotels as a holiday

No no no. If you put hotels down as expenses like i do you would just explain whatever you are down as the hotels are used for the business e.g when i tour and stay in hotels.

English Green

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Re: Tax - accountants, deductible expenses, general information
« Reply #340 on: 29 October 2019, 10:02:49 am »
How is that a work expense? ???

Hahahahahaha

Kay

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Re: Tax - accountants, deductible expenses, general information
« Reply #341 on: 29 October 2019, 12:16:16 pm »
You can say you stayed in these hotels as a holiday

That would be lying, and thus a really stupid idea. As said, prostitution is not illegal so long as you're one woman working alone, be it from your home, a hotel or an apartment. 'Accommodation', whether rent or hotel bill, is a legitimate business expense.
"There is no sin except stupidity" - Oscar Wilde

English Green

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Re: Tax - accountants, deductible expenses, general information
« Reply #342 on: 29 October 2019, 03:45:17 pm »
That would be lying, and thus a really stupid idea. As said, prostitution is not illegal so long as you're one woman working alone, be it from your home, a hotel or an apartment. 'Accommodation', whether rent or hotel bill, is a legitimate business expense.

She can say to them if ever audited they were all for holidays but then you are admitting fraud by trying to claim there for work expenses and getting that previously taken off a tax bill.  Discreet girl you might need a chat with an acvountant a thorough chat so you know how to do all this properly as you might find yourself in some situations further down the line. Best to know what you are doing then get HMRC on your back.

April Showers

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Re: Tax - accountants, deductible expenses, general information
« Reply #343 on: 30 October 2019, 07:39:37 am »
Also you do realise if you are ever audited YOU have to speak to the tax person yourself and they will ask you about how you conduct your work then ask you questions ( this is when no matter what you call yourself you have to tell the truth and run through how you take bookings etc show paperwork bank accounts etc ) they don't care if you use hotel rooms/rent flat   so long as you show  (have) the right receipts for them and your earnings that day and they all tally they just want you to pay the right amount of tax not more and certainly not less :)  ,

They wont change your title on your tax return  after either . As ever honesty is the best policy unless you are a Politician  of course :)

So in a nutshell you can call your self anything but  if questioned you tell them your a escort and make sure it is all escort related expenses put through in your books .



barbiegirl

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Re: Tax - accountants, deductible expenses, general information
« Reply #344 on: 01 November 2019, 11:06:11 pm »
Why do you think you need a special type of accountant for a simple sole trader operation based on appointment fees? If you think about it, have you ever seen accountants advertising that they can only take on hairdressers?

This is true Amy, you don’t need an ‘escort friendly’ accountant. My accountant deals with everything and knows what I do, he’s nothing but professional. I give him all the information he needs and I just get a tax bill in the post :) A good accountant will not care what you do.
"Anyone who ever gave you confidence, you owe them a lot"