 Why do non tax paying immigrants get preferences? |
you go to a hospital and all the foreigners and immigrants get seen first
they get everything free before us WHY?????... |
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 Getting a better income tax return? |
| Ex-girlfriend left with her 2 kids, end of Sept. Can I still claim them on my tax return for 06? She just started working Oct. 06. Will she be able to claim them? If I do, will she be entitled to ... |
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 Recd E.mail from UKNational Lottery, London that I won 1 million UK pounds sterling advise solicited-scrpatnai |
| UK National Lottery London advised by e.mail that I won the prize 1 million UK pounds and they want me to send them 580 pounds to Scarlet Courier Ltd., England to meet expenses for courier service, ... |
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 If you and your spouse live apart for over a year, can you file your taxes as single? |
| If you and your spouse live apart for over a year, can you file your taxes as single? My spouse and I have lived in different states for the past 2 years. Can we each use the "SINGLE" ... |
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 Self Employeed, What is my gross income? |
| I own a construction company- I am looking to buy land through a farm credit company- They want to find out my debt ratio so I was trying to figure this out before I went to the bank to see what I ... |
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 Taxes: If I got married today would I be able to file a joint tax return for the April 15th 2008 deadline? |
Taxes: If I got married today would I be able to file a joint tax return for the April 15th 2008 deadline?
or would it be next year that I could do that?... |
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 What will my tax rebate check be? |
| i have two kids under 17, and filed married filing jointly. they say that parents will get 300.00 extra for each kid, and my tax liability was 0.00 when i filed. will i be getting 1200.00, or is it ... |
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 Los Angleles Sales Tax will be 10.25% in next year, what is your reaction? |
Will that be highest in the country?
http://www.latimes.com/n Details
Agree, they idiot more people will gonna buy ... |
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 Do I have to file a state tax return? |
| I live in New Jersey, and have never filed taxes before(I'm young and my parents always claimed me.) I'm a full-time student in college, and only made $1,470 in 2006. I just e-filed my ... |
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 Is it fair to tax rich people more than poor people? |
| I dont think it is fair because in America everyone is supposed to be treated fairly.... |
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 Bush's rebate checks...only $300? |
| My boyfriend got his direct deposit this morning and it was only for $300 (not $600)- why is this? Is it based on income? Did his parents claim him? He was living on his own last year, but can you ... |
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 Can i file my taxes if im 17? |
Additional Details
i stay in california, and i have no idea what i should ... |
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zxcvbnm | Do i need to pay taxes on my cash in hand make up artist job? |
im a make up artist and when customers want me i go round to their house and do their make up for a cash in hand sum. i used to do this just once a week but now its more occasional. and im using this money as my only source of income as its enough. do i need to pay taxes on this money?? |
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Curious cat
|
It depends on how much you make in a year, even if it is your only source of income.
Everyone who is resident in the UK for tax purposes has a 'personal allowance', which is an amount of taxable income you are allowed to earn or receive each year tax-free.
This tax year (2007-2008), the basic personal allowance - or tax-free amount - is £5,225. You may be entitled to a higher personal allowance if you are 65 or over.
Check out the website of direct.gov (below). |
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happy
|
It's called income tax and every one who earns enough money has to pay. I work for the Inland Revenue and every one who thinks they can get away with being paid cash in hand always gets caught! |
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Piztaker
|
Yes,all of it.
And the shirt off your back. |
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Paul S
 |
yes unfortunately.
this mean you need to go to www.hmrc.gov.uk and search for a form called CWF1. this is the form to print off and fill out to get yourself registered as self employed.
once this form has been filed, the Revenue will contact you regarding class 2 national insurance contributions. this is currently £2.20 a week normally paid by DD on a 4 weekly basis.
just make sure you put a start date of say begining of October so they dont fine you for being 3 months late. its £100 fine.
then you need to keep records of your income and expenses relating to the business so that you can have some accounts prepared. use a year end of 31 march as this is treated as falling into line with the tax year or 5th april.
I would suggest you book a free consultation with a local accountant, they can advise you the best way to setup bookeeping to record all your transaction, complete your accounts and tax return each year for a few hundred quid.
hope this helps. |
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linz_b
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they call them INCOME TAXES for a reason, sweetie |
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tercir2006
 |
Yes. Especially now that IRS is watching.
ALL income must be reported. |
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brighton.england
|
Yes, Its called self employed. |
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suerye
|
You are trading with a view to profit, so you are self employed and should register with HMRC immediately. You will need to pay NIC's by DD - a set amount each month.
The first £5225 of your profit is tax free, thereafter you pay tax at 10 and then 22%. It is essential that you keep accurate records of all your income and expenditure so that you can complete your self assessment at the end of the year. HMRC are v helpful and will give you advice and help. |
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Dimples
 |
Erm yes, DOH!!! |
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