 I have no income, and I've been paying cash into my bank regurlarly, will they get suspicious? |
Hi,
Im 18 and I quit my job about 2 months ago and have been living off with what I saved until now. Well to put a long story short I go to the casino every weekend and have been winning ... |
|
 I have "won" about 15,000.00 dollars in internet poker this year and I usually claim it every year but... ? |
| times are tough this year and taxes on that are usually pretty high. The site is based off shore and I never get a 1099 for my winnings so I am just curious if anyone knows first hand about this or ... |
|
 What does everyone think of the VAT reduction in Britain? |
I am glad that prices have come down. I have always believed in Britain we are taxed to much.
I am worried though because Britain is lending alot of money to enable this tax cut and ... |
|
 When i file my tax's if i claim that i make 15,000 a year how much will i have to pay in tax's? |
| im 18 and i live in nashville tennessee with my parents! im filing for self employed in i just wont to know in ... |
|
 Can i claim myself as an independent? |
| I live with my parents and a full time college student but I support at least half of my living spents by myself. I'm turning 21 this year and wondering if I can claim myself as an independent ... |
|
 How to tell if im beening scamed? |
| im new on computers.ive got an email from"feDex courier" <fedexnigeria_courierdelivery@live.com> stating i have a large sum of money,for a handling fee of 185.00.do i report this to ... |
|
 Who should claim the kids for taxes? |
| My fiance made more money than I did last year so I was wondering who should claim the kids for taxes? I always thought the person who made the least should claim them, but then somebody else told ... |
|
 If I did not work during the past year, do I still have to file taxes? |
| I didn't have a job this year, and didn't recieve a W2 form in the mail, etc. Do I still have to file taxes?... |
|
 Follow up question: If I Incorporate, do I pay taxes twice? |
So i'm planning on incorporating and more and more I realize I need to get in contact with an accountant, but my question is simple I think.
If I incorporate (as the company's ... |
|
 Should i have gone with someone else to do my taxes? |
| my cousin is a cpa and i always go to him. my boyfriend said i should go to h&r block to get it done. i went to my cousin again and got 1/3 of what i paid. my boyfriend says i should have gotten ... |
|
 In Northern Ireland we pay for water in our normal rates but now we are being hit with a separate water tax... |
| Is it legal to be taxed twice for the same thing and why have our politicians done nothing about this!!!???????... |
|
 Anyone had a fraudulent letter from hm revenue and customs? |
| regarding a tax code change even tho its not april yet ? also saying i work for a company called kelly services ! i have never heard of them and have never worked for them.... |
|
| What is the difference between the provident fund account & saving bank account? |
| what is the difference in provident fund account (ppf) as compared to saving bank account? if i invest my money in provident fund account can i withdrawl the money any time i want and would it be ... |
|
 Tax Return money without W2 in Dayton, Ohio? |
| I live in Dayton, OH (obviously). I worked 4 jobs this year. I need to find out where these places are that can get me my tax return check without my W2.... |
|
 If you were a nomad, and travelled around the USA in your car, would you have to pay taxes? |
| of course you'd have to pay sales tax and such, but would the IRS be after you for state and federal taxes?... |
|
 I've been claiming 0 on my W-4. Would it be wise to change to 1 allowance? |
| I've been reading on the internet on this, but just need this answered. I am single, one job, and only make around 17-18K a year. I've always filed 0, but would rather have the money in my ... |
|
|  |
Shaz H | Do you get taxed more working 2 jobs? ? |
I have been offered a 2nd job which is 25 hrs per wk (£6 per hour) with better prospects. So decided to hand my notice in to the current employer (where I do 35 hours per week at the moment). They asked if i would consider just doing weekends for them (would be doing 14 hrs per wk (@ £5.85 per hour) then if i stayed here as well). Total hours for the 2 jobs would be 39 hours. Do you get taxed more for doing 2 different jobs even though the hours still add up to the equivalent of 1 full time job?
Not even handed P60 into current employer as not long received it from last employer.
Just wondering if its worth doing this as the extra money would come in handy but will I be taxed a ridiculous amount on the 2nd job? Think my current tax code is 603L.
Many thanks |
 |
 
steffi
|
Lisa M has given you good advice. Only downside in this situation is that sometimes you end up over or underpaid at end of tax years. Tax offices can issue code numbers, but sometimes things don't work out exactly as anticipated because of dates of employers' payrolls. It is especially complicated where a main job becomes the second job, as periods can happen where two tax allowances are used and overlap, or no allowances are given. At the end of the tax year, send both forms P60 to tax office for computation. |
|
Lisa M
 |
Hiya
As your tax code is 603L you can earn £116.05 per week before you pay tax, regardless of how many jobs you have. Anything earned above this amount will be taxed at 20%.
From what you have stated you will be earning £81.90 a week from your first job. Therefore you will have £34.15 unused allowances available to transfer to your second job.
You will need to contact the Inland Revenue and ask them to split your tax code between the two jobs. Unfortunately this could take some time to sort out and you may find that you will end up paying full tax i.e. 20% on all your earnings from your second job. However you will get this money back once it is all sorted out.
Hope this helps :)) |
|
Scobill
|
You are allowed to earn £6010 as a single person every year free of tax . You will get that allowance on your main job and you will be taxed the full 20p in every £ with the 2nd job
If you earn £10000 per year on one job , and the same amount when you do two jobs the tax you pay over the year is the same it is just a bit more complicated in terms of where you actually pay it . Not sure about national insurance though |
|
lightworker
|
You get taxed on the amount of hours worked, not how many jobs you do. So basically if you work longer hours anywhere you will receive more money in your wage packet therefore get taxed more.
Sorry to say that. But if you have better prospects in the new job then do both for a while, why not. I have never been a one to quibble about paying tax, after all you can't do anything about it. You earn it, you have to pay unfortunately. So the more you earn the better off you are unless you are also on some kind of benefits then you may lose out. Good luck |
|
Yoxall
|
I'm sure you get taxed on BR code on the job with less hours. Which means they take about a third of the wages from that job in tax. |
|
tinkerbell
 |
You still get taxed on both wages but second wage gets taxed less. |
|
Sendy
|
in the U.S they only care about how much you make.
I can make 40,000 in one hour or 40,000 working 40 hours week all year. I will get taxed the same. |
|
nosdda
 |
You will be allowed to earn £6, 003 a year before you pay income tax. And you are single. |
|
kerry x
 |
i currently work 1 job working 18hrs but hrs dnt suit a family with small children so wanting to drop that to 8 hrs and take another 8hr shift with a new job aswell so il b working 16hrs with both jobs, will i get taxed ? |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 24 minutes(s) ago
| | | |
8 | 3 hour(s) ago
| | | |
8 | 8 hour(s) ago
| | | |
8 | 9 hour(s) ago
| | | |
8 | 11 hour(s) ago
| | | |
8 | 2 day(s) ago
| | | |
8 | 5 day(s) ago
| | | |
8 | 2 week(s) ago
| | | |
8 | 2 month(s) ago
| | | |
8 | 6 month(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
