 If I do a job for $500 and the company sends me a 1099 form, do I need to claim this money on my tax return? |
| I am considering taking a freelance job (one time) and the company will send out a 1099 form. Do I need to put this on my taxes if it is below the $600 requirement? If I do claim it, will I be taxed ... |
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 What's tax return? |
I hear it a lot in american films, I never get it.
Additional Details
Sometimes taxpayer receive money back from goverment, right? How is that?... |
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 Claiming my children on tax return? |
| I have 2 children and haven't worked for the year of 2008. Someone told me I could claim them,not having any income. Is this true? Can I get money back? How would I do this? Thanks!... |
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 Disability living allowance? |
I receive the high rate for the care component for my 4 year old son who has severe developmental delay and learning difficulties.
I was told when my son turned 3 i could apply for the ... |
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 Where is my flippin Stimulous Check!!??? |
| We were suposed to get at least 600, and we have not gotten ANY of it. We meet all of the qualifications, and my friends have already gotten theirs, whats going on? We filed early with direct deposit,... |
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 What happens if the IRS sends a duplicate refund and it is cashed? |
| The IRS sent us two identical refunds, one direct deposit and one by check. The check came first. Do they charge interest?... |
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 Can you claim grand children as dependents on your taxes? |
| My daughter is 28 years old she has 3 small children 1yr. 2yr. and 6yrs. She lives with her boyfriend but I pay her car payment, car insurance, and all the needs for the children. Can I claim the ... |
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 Why am I double taxed on my retirement money? |
| If, I withdraw my retirement money early I am charged a certain percent to withdraw it. Then, I am taxed again when I have to claim the money on my end of year taxes, 1040 form.... |
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 Do I have to Pay Taxes on money given to me and money from an estate? |
| my father died,his will stated that myself and my sister split whatever is left in his bank,savings etc accounts.My sister is shady she is overseeing the will through his attorney.I received 8,000 ... |
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 Can i claim 2 pairs of work boots in 2007 on my taxes? |
| i worked construction and bought a new pair of work boots in january of 07 for 140 dollars, i started a new job in april and the company i started working for gave me a 120 bucks to get a new pair ... |
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 Flat income tax? |
What would be the positive/negative effects if the U.S. implemented a 70% flat tax on all income?
Additional Details
I was thinking that prices would have to go down in the U.S because ... |
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 Serverance Pay:Take a lump sum of $64,000.00 or take 1.5 years pay continuance? |
Additional Details
My current salary is $45,000 and pay continuance stops if I find another job that pays over $35,000 to $40,000 per year.... |
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 What do you really think of the 18.5 cent gas tax? |
Do you really think taking the gas tax out will help this country?
Or Do you believe that the job lose would hurt the country?
Additional Details
Mister Mister I believe that ... |
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 Inland Revenue possible investigation? |
| If you have a company and you have paid all the taxes and you then pay yourself a dividend. Out of which you buy an asset, can the revenue take that away from you if they later find out that you need ... |
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 Tax return for multiple jobs? |
| Hi, I changed jobs in the year 2006. So Do I have to file 2 separate tax returns for my two employers? If yes, Can I claim a standard deduction on one tax return and a itemized deduction on the other?... |
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 Why is council tax so expensive? |
Additional Details
parks are falling to bits, roads have potholes, schools are getting worse. Librarys why bother... Police, where are they when you need ... |
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hosseyn n | Im new in the UK and dont have a VAT Number, Is it Possible to write a Invoice without VAT No. ? |
Im Here as a Student at the Newcastle Uni. and took Know a few Projects to work out the Money, what Should I write on the Invoices if I dont have a VAT NO. |
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cheek_of_it_all
 |
No. Just write a reciept.
If anyone wants to claim the vat back off you, you have to tell them that your not yet registered as you havent done enough business.
Often businesses who have a strict policy will only deal with vat reg companys, this at the end of the day is a mix of them wanting to claim all vat back thats possibel and coupled with snobbery, if your not VAT registered then we dont want to deal with you type of attitude.
I know, I have been through it myself, many compnys refuse to deal with you because your not seen as legitamate.
It makes you wonder how people are meant to get up and running, working for yourself is *ucking hard up hill struggle for which you pay 3 times the rate of income tax and national insurance then you have your liability insurance, mr tax man has his hand in your pot upto 4 times so for every £1 you make in profit, your lucky if you see 25pence of it.
So while you can, milk the *astards. |
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Business in Barnet
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You don't need a VAT number in order to provide an invoice for work done.
As a student doing a few projects, applying for a VAT registration will just give you an unnecessary burden. So I would not advice it.
As you are not registered for VAT, you cannot charge VAT.
So your invoice should show only the fee for the work done, without any VAT added to it.
Hope that helps.
Regards
Business in Barnet
http://www.business-in-barnet.com |
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'Dr Greene'
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So long as you don't pass the VAT threshold (£64k) you don't need a VAT number.
No sweat. |
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neogriff
 |
You don't need to be vat registered in the uk until you earn more than about £64K, so you will be fine. |
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Sharon W
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As long asyou don't pass the threashold for VAT, which currently is £60,000 per tax year (1st April to 31st March) then it doesn't matter. You do not need to register for a VAT number until your annual turnover exceeds £60,000, but you will still need to complete a self assessment tax form at the end of the next year (ie 31st March 2008) to declare this income.
Just don't add VAT to your invoice and you'll be ok. If you work is for £100.00, then just invoice for £100.00 |
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Tax Chap
 |
Registration for VAT is entirely voluntary, provided that your annual turnover will be less than £64k per annum.
Just send an invoice for the amount you wish to receive. It is important that you make no reference to VAT whatsoever since you are not registered.
Although you need not concern yourself with VAT, since you are setting up a business, albeit a very small one, you should notify HMRC as the profit must be declared. However, if your total annual income (after business expenses) is less than £5,225 (Personal Allowance 2007-08) you'll have no tax to pay. |
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?
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cheek_of_it_all:::mr tax man has his hand in your pot upto 4 times so for every £1 you make in profit, your lucky if you see 25pence of it.
Are you quite sure? |
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T W
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You will need to register to pay income tax & national insurance first. Your turnover has to be above £5.000 per month too be liable to charge or reclaim VAT, Becarefull there is no year end with VAT it's done on a month to month basis. |
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bugaboo
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You will be tracked eventually by inland revenue & customs and excise, so just contact the IR and ask for a number.. |
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