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Questions and Answers / Re: Tax
« Last post by Gracious on Today at 04:06:12 AM »
Maybe I have eh? Doh!  :FF
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Questions and Answers / Re: Tax
« Last post by Mirror on Today at 03:49:28 AM »
I think you've misinterpreted something, or are thinking of assets.

Small perishable or quickly used expenses are expenses, same as caterers will include packets of sugar and salt in their accounts.
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Questions and Answers / Re: Tax
« Last post by Gracious on Today at 03:06:35 AM »
Cat, Just dug out my notes that I took from the webinar: https://www.gov.uk/simpler-income-tax-cash-basis

It doesnt mention the 2 year thing on the website but I have it in my notes. I recall writing it down coz I was really shocked when she said it haha! I went back to my spreadsheet and deleted purchases Id made on lube, condoms etc when I heard her say that LOL!

I can only assume that you use traditional accounting?
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Questions and Answers / Re: Tax
« Last post by Gracious on Today at 02:59:21 AM »
If you're in the UK - this is incorrect. If you spend it solely for your business/self employment, it can go through your books as an expense.

I joined a HMRC seminar in Dec where I was told that you can only add items if they last for more then 2 years....
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Questions and Answers / Re: Tax
« Last post by Cat_BBW on Today at 02:54:03 AM »
I dont add smaller items like lube, condoms because I believe that the outgoing has to last at least 2 years in order to deduct it from your earnings.


If you're in the UK - this is incorrect. If you spend it solely for your business/self employment, it can go through your books as an expense.
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Well, this happened because of work.  I was in the post office return in some lingerie to Amazon UK (ya'll have way better stuff, across the board, btw).   Anyway there was a customs form that needed to be filled out,  and I guess the clerk had never done one before,  so there's a long line piling up behind me and she says "What does this say right here? What's in the box?"  Me- Lingerie. Her, loudly- "Whaaaaa?"  Me, louder and getting pinkish, "Lingerie."  Her, "What? How do you spell that?"

Me, loudly in the packed post office, as though I were in a spelling bee, "L I N G E R I E."

Omg it was so awful.
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Thanks for getting back to me. I have been working for agencies, so my work is tied with them.
I was thinking of creating a website first before posting, but I haven't get suitable projects to show yet so I was hoping to work on a few free websites before launching my own website.

You'll need to post your portfolio and/or website showcase before anyone will take you seriously. Would you go for a real-time job interview without your portfolio?

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Questions and Answers / Re: Tax
« Last post by Gracious on Today at 02:50:36 AM »
Ive been self employed for a couple of years but only got into escorting last year. I record every thing - date of booking, duration, website they found me on as well as my income and outgoings.

Outgoings are only for things like rent that I pay for my incall place or hotels. I dont add smaller items like lube, condoms because as a 'cash basis', you can only add items that last at least 2 years.

Just like Adele, I have a spreadsheet that auto calculates the monthly expenses/earnings (Apr - Mar), then at the end theres an amalgamation  of the months income/outgoings so I can see how much Ive made for the whole year
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Blather and Babble / Re: lingere
« Last post by filthy minx on Today at 02:01:58 AM »
What a shame I don't like to spend to much on underwear as it comes of at the end of the day mind you I tend not to buy anything I wouldn't have been able to afford if I hadn't been an escort so stuff  like agent provocator underwear jimmy choo shoes and donna Karen dresses  are out of the question for me as I wont always do this job, but their stuff is blooming nice I must admit.
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Questions and Answers / Re: Getting no bookings?
« Last post by cutie_pie on Today at 01:51:01 AM »
The longest I had no booking from an agency was 3 months ( I was available 5-6days a week, 3weeks a month and very flexible with my time.
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