how does tax work?

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Originally Posted by charlie brown

IMO (won't go down well on here) but I don't see why Matt needs an account yet.

How many bookings are you doing a month? I remember you saying sometimes..none?

You charge £60. Most of it gets put back into the cancer charities you support.

Is paying £100+ for an account the BEST advice we can give him? Perhaps your mum could phone up the Inland Revenue. I remember speaking to them when I first started and I came under the "interest/hobby" umbrella.

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I know this is a bit late but I was thinking to set up another business which mite earn more than £5k a year but I don't know really

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Originally Posted by Meltmusicdj

I know this is a bit late but I was thinking to set up another business which mite earn more than £5k a year but I don't know really

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What business is that!? :)

....Well done on the capital letters by the way. It's a lot easier to read & understand :approve:

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Originally Posted by charlie brown

What business is that!? :)

....Well done on the capital letters by the way. It's a lot easier to read & understand :approve:

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A party shop for traders
to sell party things like
balloons
cards
All of that type of stuff

so that I can make some money and get my modeling balloon cheaper as well, it says that you need to be a registered tax ID number. but I would need to register anyway if I go ahead with my idea

Hang on, you're thinking of opening a Party Shop? Like a "real" shop or will it be internet based?

....Just so you can get balloons cheaper? :eek:

An internet party shop maybe lot later down the line I'll have A shop not really just internet,
and also to make lots of money so I can give some of it to my mum, "I shouldn't need it all"

Matt.

Please make the effort as has been asked before.

I don't know how much school you missed, but CAPITAL LETERS are something you are taught how to use in infants school!

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Originally Posted by Corabar Steve

Matt.

Please make the effort as has been asked before.

but CAPITAL LETERS are something !

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Sorry

FFS! You can't even do it in a post apologising for not doing it!

My advice to you is finish school & get your education up to a good standard, before you even think about trying to start to run a business.

EDIT: P.S. Thank you for going back & editing.

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Originally Posted by Corabar Steve

FFS! You can't even do it in a post apologising for not doing it!

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Sorry!

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Originally Posted by NKR

Yeah and sometimes the white and red roses agree on things. If this happens more than three times in a row then we will all be transported into a parallel universe.

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Fear not, my ruddy flowered colleague. Hell will have had its third ice age first. :p :D :D :D :D