Whats the deal with it and how do i go about it?

Come January its the route i'm going down, but it i'm a little daunted about it and i'm wondering if anyone could offer me some advice?

 

www.hmrc.gov.uk

all you need on there - and good luck, its a tough world when your self employed, and the work does not stop at 17.00 hrs either

 

Yeah and don't I bloody know it!!!!!!!!! It's good being self employed, especially if the majority of your money is cash in hand. You decide how much tax you want to pay.

 

agreed

 

you think you decide - one word of advise - dont fook with the taxman

 

Your not an undercover taxman are you?

 

lol, i class them on the same level as traffic wardens, only the fine is much much more severe

 

im a self employed bricklayer & im on Ł18.75 an hr & its great.if u get a acountent he will sort out your tax's & ull get a nice tax rebate each year.but im looking to get a job on the books as i stand a better chance for a mortgage.

 

Combi Man let me know if you need help on that. I know a 'very good' accountant and a 'very good' mortgage advisor.

 

Not having you do my brick-laying then!, where in Derby are you bud? i'm Chad

 

im in spondon mate.think ive seen ur s1 about mate.did u use to work in borrowash?

 

get a good accountant.
dont fook the taxman over "too much"

 

Nah, there was another in Borrowash (few years ago). I've had 2 series 1's, Mk1 mex's (2), Mk2 rs, white facelift cossie etc etc. Got a BMW cabbie now tho....

 

BTW i'm self-employed and got a morgage no bother (have a good accountant in Hilton) been self employed 13 years now. I drive a yellow cab BTW

 

did u use to have a green mk1 mex that was stud on a drive for years near chad park.

 

Cuh!!

I'm on the books at the moment and my working days are usually 04.30 - 19.00

So finishing at 17.00 would be nice...... For once

I'm returning to college in the new year on a 2 week on and 2 week off basis, during the 2 weeks off i'll be working 2 - 3 jobs and don't wanna be paying tax at the normal and increased rates

 

the only think about selfemployd you don't get payed for holidays

 

No mate but i did know that bloke (was a good replica). Had a black with silver stripes one and a yellow with black stripes

The yellow one....



Need the number of a good accountant PM me, or any other info...

 

Yeah or sick, pension etc....

But i'd rather have a job that i'm happy in and at least get some job satisfaction! Especially if i'm going to be doing the same thing until i'm 70!

 

combi van man and Neil Clark, when you two have quite finished

 

Holiday money isnt a problem....you put it away week by week if you need to. I never got sick pay anyways so when i went into business it made no difference. Plus you dont have time off when your self employed unless your DYING

 

Until such time you start driving around in flash cars and a new van and have a dalkie gaff. Then when the tax man calls for an audit he'll tell you how much to pay!! Best to keep him sweet and tip away, Keep em off your back. Trust me they aint stupid.

 

that is nice mate .
yeah will do mate cheers

 

soo soo true

and as for finishing at 5pm , im self employed and like to be sat at home around 5pm try and have left work by 4 , im a carpenter btw

 

So should i look for an accountant to help me spin my figures? lol

 

 

i do accounting at uni and there is no right or wrong way, its all about how creative you can get away with being and aslong as you think you have done the account to a true and fair view its all good

 

I pay them enough tax throughout the year and have never had a problem in 10 years. I must be paying enough. The less I pay the better.

 

also to add to that it was said cash. They can't prove exactly how much cash you took for the whole year, unless every job you did was them undercover lol .

 

Be FULLY awarte of the overheads involved. Dont let anyone paint you a stupid picture of how its all rosy.

Overheads are massively trade dependant, for example, a Painter and Decorator or bricklayer may have only a few hundred a month to pay out, where as someone in a bespoke trade doing something unusual may have Ł10K per month due to teh advertisng required to get tha same amount of work as the bricky per week.

Do lots of research and take advice only from people qualified to give it. far to many NON self employed people telling folk to go for it when they havent a fooking clue what they are talking about!

 

Never a truer word spoken...

 

I'm only going to be a sparkie lol

Thanks tho Stu

 

Yes, some people dont realise how much you can spend in a month its scary.

We get various trades arguing with is all the time about prices etc and they dont believe me when i tell them they are actually on a bigger wage then i fooking am Just because a job is so many thousands of pounds they dont realise how much you spend...just cos they are labour only they think all the other money is profit

 

wise words stu and lee
self employed decorator by the way

 

Then ya get insurance companies taking their time to pay up and youve got bills to pay and lads to pay