Jobs etc.

[Graham M]

Hi there, I do a small amount of business on the side as a Computer Technician, it's what I'm good at, and it's all good experience. For the moment, I do VERY little business, 1 or 2 customers per month if that. Thing is im not sure about the legalities, tax etc. Could anybody shed some light on it for me, as for the minute it's all cash in hand, no tax declaration etc. But then, do I earn enough? The rest of my time is spent in College or @ my Weekend job.

TIA

Zeph

Originally Posted by Zeph

Thing is im not sure about the legalities, tax etc. Could anybody shed some light on it for me, as for the minute it's all cash in hand, no tax declaration etc. But then, do I earn enough? The rest of my time is spent in College or @ my Weekend job.

If you perform this service as a 'business' then the earnings need to be declared, even if they're below the taxable limit.

Even for 1 or 2 customers/month it might be worth getting this right, otherwise the taxman might eventually catch up with you and then you'll be in deep doodoo.

[Graham M]

OK so how do I go about making these declarations, is there anything else I need to know, will it cost me?

[orangebird]

this might help

[Graham M]

Thanks Ill have a read when I need to get to sleep

[Nugget]

Originally Posted by ScaredWebWarrior

If you perform this service as a 'business' then the earnings need to be declared, even if they're below the taxable limit.

Even for 1 or 2 customers/month it might be worth getting this right, otherwise the taxman might eventually catch up with you and then you'll be in deep doodoo.

Would the taxman find out though? If it's all cash in hand, surely it would depend on whether the people that Zeph is doing the work for declare it as an expenditure to the Inland Revenue? If they don't, then the taxman wouldn't find out, or am I just being a ?

Originally Posted by Nugget

Would the taxman find out though? If it's all cash in hand, surely it would depend on whether the people that Zeph is doing the work for declare it as an expenditure to the Inland Revenue? If they don't, then the taxman wouldn't find out, or am I just being a ?

It is maybe unlikely that the taxman will find out, but it could happen and if it did then he would be in trouble.

I sometimes work on folk's computers - but only friends & relatives and then never for 'pay'. (I usually get a nice bottle of red wine to take home though )

[Nugget]

Originally Posted by ScaredWebWarrior

It is maybe unlikely that the taxman will find out, but it could happen and if it did then he would be in trouble.

I sometimes work on folk's computers - but only friends & relatives and then never for 'pay'. (I usually get a nice bottle of red wine to take home though )

Absolutely, and I do agree with you , I just think that it's unlikely to be a problem. Having said that, it's wise to check it all out anyway

[ian@huth]

In some areas that I have lived in there have been clubs set up to take advantage of other members expertese. If you are a computer tech you will look after other members computers and in return get your gardening done by the groups gardener or your car fixed by the car mechanic in the group. All sorts of people join these groups, painters & decoraters, joiners, gardeners, plasterers, car mechanics, hairdressers, cooks, teachers, babysitters, etc. They earn hours for the work they do and exchange them for hours provided by someone doing things for them. This idea saves the members loads of money and lets them do jobs they enjoy doing whilst getting experts doing jobs for them that they hate.

[paulyoung666]

Originally Posted by ian@huth

In some areas that I have lived in there have been clubs set up to take advantage of other members expertese. If you are a computer tech you will look after other members computers and in return get your gardening done by the groups gardener or your car fixed by the car mechanic in the group. All sorts of people join these groups, painters & decoraters, joiners, gardeners, plasterers, car mechanics, hairdressers, cooks, teachers, babysitters, etc. They earn hours for the work they do and exchange them for hours provided by someone doing things for them. This idea saves the members loads of money and lets them do jobs they enjoy doing whilst getting experts doing jobs for them that they hate.

any links to it , sounds interesting to me

Originally Posted by paulyoung666

any links to it , sounds interesting to me

aka Local Exchange and Trading Schemes

http://www.gmlets.u-net.com/

http://www.hants.gov.uk/istcclr/cch34972.html

http://users.argonet.co.uk/users/ske...aboutlets.html

ETC.

( http://www.google.co.uk/search?hl=en...UK%7CcountryGB )

[ian@huth]

Originally Posted by paulyoung666

any links to it , sounds interesting to me

No, sorry. It was something I first came across when I lived in York and came across it again when we lived in Newton Abbot. In both cases I found out about it just by asking a neighbour if they knew a good tradesman for something I wanted doing. The one in York started out with a few people talking in the local pub about the idea and expanded it by putting cards in the local newsagents window explaining the idea.

[Halcyon]

I remember someone telling me that you could just ask your customers to utter the worlds "Here is a gift of £xx" for you.
Then it is a gift, and not payment, in a way, and therfore not taxable.
Not sure if thats true though.

Originally Posted by Halcyon

I remember someone telling me that you could just ask your customers to utter the worlds "Here is a gift of £xx" for you.
Then it is a gift, and not payment, in a way, and therfore not taxable.
Not sure if thats true though.

I'll try get my employers to do that on a monthly basis.

Originally Posted by Halcyon

I remember someone telling me that you could just ask your customers to utter the worlds "Here is a gift of £xx" for you.
Then it is a gift, and not payment, in a way, and therfore not taxable.
Not sure if thats true though.

I think its called a Gift Declaration, and has to have both parties names, and signed by the ''giver''. Oh, and be less than £3000. Thats how the money transfers work in pyramid scheemes.