 Is this a normal about to loose out of my paycheck? |
| I'm under 18 and only work at this company for 2 months out of the year, because i'm still in school. I get payed at the end of every week and the checks are constantly around 300. I am ... |
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 Do you have to pay tax on second job at the age of 16? |
| Well im 16 and i was wondering if i get another job, whether i would be taxed or not. Im in full time education if that makes any difference.... |
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 Can I add a "Paid in Full" statement to my check to the IRS? |
| I am so sick of paying off my back taxes, particularly since I know my money is helping to continue the obscene war in Iraq. [It's also frustrating what their liens are doing to my credit ... |
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| When you have a debt,do you have to report it to the IRS? |
My Friend own $1,167.00
Now she's wonders is she has to report that debt to the IRS?
Please i really wanna help her.
Thanks to all of you!
Additional Details
Ok i got ... |
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 If my parents claim me!!? |
Does it mean there taking half of my money...
i already did my income is there any way to fix it..
Additional Details
i am 19 and i pay bills at home too..... |
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 W-2 Form USA? |
| when filing a W-2 form, in order to recieve more money on your check, should you claim more or less dependents?... |
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 How much will I get paid by month without tax, if my wage is 30K? |
could you give more examples with contract roles for example?
20 p/h
Additional Details
I was just trying to figure out the value after tax.... |
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 Is it possible to sue the inland revenue? |
| working tax credits owe us 5000 pounds.3 times we have had letters telling us the money was being paid into bank account every time a last minute stop is put on the money.even the manager at local ... |
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 Why if there is no law stating that we have to pay income tax ......? |
| .... do some people who have gone to court over it loose their case. I believe Willie Nelson was one of them. Yet others who don't pay taxes and go to court win theirs That doesn't make ... |
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 My friend has not been able to pay her council tax bill for the last 5 years,? |
| she has had a low paid job,,,,and just couldnt pay it and live a decent life....she has just lost her job and has recieved a letter asking for the whole amount...she is unemployed now..can she get ... |
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 Can i apply 4 PAN card even though i have no income??.? |
Can i apply 4 PAN card even though i have small income??.?
anual income Rs 28050000.i.e is per month 2500... |
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 I have not filed income taxes for 5 years. But I withheld more than I owe. What to do????? |
| I did not file due to divorce and procrastination. Once I missed the first year it was harder and harder to do the next year. This year I want to catch up and get squared away. Even tho I withheld ... |
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 As a salary receiver, when I have to file income tax return? |
| I filed for the assessment year 2007 to 2008. Kindly tell me when I have to file and when is the last date?... |
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NiK B | I have started being self employed in Nov 07, after working for a company, when do I pay tax? |
Additional Details
As a part-qualified accountant I should know, but want to check as I know that the penalties are harsh. I was under the impression that in the first year you don't have to make a payment on account, but in the following years you have to pay 50% (based on estimate) on 31/01 in tax year, 50% on 31/07 after tax year and the balance remaining on 31/01 after tax year. Class 4 N Iis paid at the same time. Class 2 NI is paid quarterly or month.
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oddball
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any more foul language and i'll report you.... |
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suerye
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Other answerers seem to be wrong. Your first tax will need to be paid by 31 Jan 09, not 08. |
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Onestep downfrom God
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The tax due for 2007/08 is due for payment in full in January 2009.
Also due at that time will be the first (of two) instalment on account of 2008/09, which will be 50% of the total tax due for the previous year. Second 50% is due before 31/07/09. |
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taxed till i die,
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April08. |
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james b
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At the end of the tax year April 5th..All tax returns should be in by the end of this month thou 31st Jan so you will then know what you tax bill is... |
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My Grain
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Yep,same situation.After March although they're not that easy to do.I went in to tax office with all my details and got them to do it and give me a rough estimate.Warning though is they bomb you for tax in advance for the next year aswell-the ba$tards.This is so the government get interest on our money instead of us! |
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Master Stig
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make sure you are registered with national insurance otherwise you could be in for a penalty - also get in touch with the inland revenue so they can send you a tax return - yu should start paying tax in this april - but of course what you have already paid in paye tax will be taken into account - good luck |
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Peco
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put some cash in the bank for tax at a high interest rate
about a quarter of earnings will cover things
save all your bills and receipts
if you have a dog save the bills for it...its a guard dog
employ your wife as secretary to get that allowance
then when the bill comes you got money to pay it and some left over
put some away in a pension plan and health plan
get an accountant he will save you money and sort out Mr Taxman for you .. he gets a share of the money he saves you
Cash jobs are handy no receipts or bills but be careful to only take it from people you know wont report you and keep it in a seperate account ...taxman loves anomilies |
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I am that I am faults included
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First have you registered with the tax office, if so they will send you the forms you will need to file in plenty of time. You will find there is nothing generally to pay in the first year as nobody can say how much you will earn in the first year, that is until you produce your financial records. The norm would be to see how well you do over the first six months and double it to try and estimate how much tax you will then have to pay. But for your own sake keep receipts for every thing related to your business. and decent records of your dealings. make sure you know what your entitlements are before you send in your figures so you can put in a claim for them. Things like a new computer system etc are all deductible and depending on your work you even get a clothing allowance, if in doubt claim for it, if they don't agree they just subtract it. The most important thing is to find an excellent accountant first. They will put you on the right track and are worth the money but ask around don't just accept the first one you see. Make sure you set aside at least 25% of your earning capital for the tax man from day one, then you won't have to much to worry about. But watch out how much you earn because the higher figure you earn I think it's around £38K means you could be liable for V.A.T which is another problem, thats why you need an accountant to cover your rear because they dig very deep into your pockets. I don't know what business you are running but it may be a good idea to set it up as a limited company first, see what your account says?
Lastly I wish you every success because the first year is always hardest. |
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