how does tax work?

[Charlie Brown]

Patience people.

[Corabar Entertainment]

Patience people.

Charlie - ever heard the saying 'Cruel to be kind'?

If Matthew doesn't make a constant effort, then he will never develop the skills he needs for whatever business he decides to pursue.

Matthew - I really do hope that you understand that people are trying to help you here. Keep going with the basics, and it will become second nature.

[Matty12]

I do and I do think that you still need to point out what I am doing wrong as well, believe it or not this dose help my english as well.

[Corabar Entertainment]

Glad you're taking it that way

PS: You mean 'does', not 'dose' (Dose is a measure of medicine), and 'english' should have a capital letter - English

PPS: You'll find that people are more than happy to help and give you little pointers to help you out, so long as they see you are making the effort (which you clearly did with your last post )

[Matty12]

Thank you!!!! you know that I'll still get some things wrong sorry allot wrong still don't you!!!!!!!!!!

[Corabar Steve]

Dose is a measure of medicine

Or a case of.... actually on second thoughts

[Charlie Brown]

Charlie - ever heard the saying 'Cruel to be kind'?

Indeed! I take comments etc literally/to heart all the time and it gets me upset and into unnecessary trouble. I didn't want Matt to fall into the same trap because I was even worse 4 years ago!



...It looks like he's ahead of the game.

[Corabar Entertainment]

Thank you!!!! you know that I'll still get some things wrong sorry allot wrong still don't you!!!!!!!!!!

Most probably

... it's not something that will happen over night, but slowly, slowly it will all come together, so long as you constantly keep concentrating / learning.

(We are all still learning, and I intend to continually keep learning all my life. )

[Matty12]

Charlie I want pass that stage after I had my treatment I don't care what people think about me anymore.

ps: could you manshon what I need to do about tax please again.

[Jason]

Charlie I want pass that stage after I had my treatment I don't care what people think about me anymore.

ps: could you manshon what I need to do about tax please again.

Just to get things into perspective.
Forums are useful business tools. I've gained (and given) work from my contacts in forums. How you post, and what you post are the only impression that other forum members get of you.

So - whilst I also do not particularly care what most forum members think of me - I don't want to be seen to be too "clique", there is a need to been seen to be professional.
With forum posts, its easy to read before you send.
Its easy to dismiss poor spelling/punctuation as sign of low intelligence, but this is not normally the case.

Ensure you have a spell checker on your browser and slow down a little. This post had be mis-spelling "particularly" very wrong ;-) but the browser high-lighted this, and I could correct before posting.

As things progress with your DJ business, you will need to send quotes/emails to clients.
Its good to call them for a chat about their needs, but ultimately, you'll need to put something in writing.
Unless the email/letter is correctly with respect to spelling and punctuation, you will find it hard to get good work and this will be their first impression of your business.


Back OT;
Tell the tax office what you're doing. You need to do this within 3 months or starting.
Claim "smaller earning exemptions" for National Insurance (unless you really think you'll exceed £5,075 for 2010/2011);
Keep receipts for anything you buy;
-Music
-Cables
-Batteries for wireless mics
-Speakers, amps, lights etc..
-Printer Ink
-Paper
-Stamps
...anything!

Record mileage for each gig, claimable @ £0.40/mile
(so a gig 50miles away from home is 100 x £0.40 = £40 claimable)

Add the above expenses up, and deduct from your earnings.
What is left is your profit, and may be subject to tax. (we all have some kind of personal tax threshold - average is about £4000-£5000)

If feasible, try to find an accountant to assist. If you only have £1000 profit, its going to be difficult to justify the cost.. (but their fees are also tax deductible.)
If there is only a small amount of profit... provide figures to the Inland Revenue (I think the threshold is September for this?), and they will help you.

You can now see the need to keep ALL expenses related to DJing.

This is a big subject and the above is the raw basics.
Trying to cover another profession with possible legal implications is really not possible in a forum.