Poll

Are you whiter than white, or a bit of a 'chef' with the books?

Very honest and declare every penny of my turnover.
54.8%
46 (54.8%)
Fairly honest, but will declare a little less than I earn.
17.9%
15 (17.9%)
A bit dodgy and declare a fair bit less than what I earn.
11.9%
10 (11.9%)
Very dodgy and declare under 15K because the tax return is simpler to do and I pay less tax.
15.5%
13 (15.5%)

Total Members Voted: 76

How honest are you with your tax return?
« on: November 22, 2006, 03:34:10 pm »
How honest are you; just out of interest.

I'm not a tax inspector, but you can vote anonomously, I'm sure. ;D

Pole2pole

  • Posts: 783
Re: How honest are you with your tax return?
« Reply #1 on: November 22, 2006, 03:42:05 pm »
Is ya consciounce eatin at ya Tosh? ;)

geefree

  • Posts: 6180
Re: How honest are you with your tax return?
« Reply #2 on: November 22, 2006, 04:25:40 pm »
Whoo !

I believe there is an ex taxman ... window cleaner on here lol...

he will have mates you know......  ::) >:(

Paul Coleman

Re: How honest are you with your tax return?
« Reply #3 on: November 22, 2006, 04:30:28 pm »
How honest are you; just out of interest.

I'm not a tax inspector, but you can vote anonomously, I'm sure. ;D

With the price of gas these days, it's cheaper to be honest than to put the books in the oven for cooking.  ;D

I play it straight myself - even declaring end of year tips.
I do feel that taxing tips in an intrusion but I understand why it's done.  If it wasn't done that way, people would find a way of calling their salaries tips.

[GQC] Tim

  • Posts: 4536
Re: How honest are you with your tax return?
« Reply #4 on: November 22, 2006, 04:36:08 pm »
every penny

Moderator David@stives

  • Posts: 8829
Re: How honest are you with your tax return?
« Reply #5 on: November 22, 2006, 04:42:26 pm »
I declare 100% but even that does not stop me being worried in case i have not done something right.

It really annoys me when customers ask if i want cash so I dont have to declare it, or give you that knowing wink.

To save £1000 in tax you would have to hide about £4000 in earnings, what do you do with it , you cant spend it.

I would rather look for ways to improve my business than wasting time trying to dodge tax.

Dave

windows2clean

  • Posts: 33
Re: How honest are you with your tax return?
« Reply #6 on: November 22, 2006, 05:12:50 pm »
A clean conscience is the best pillow

Sir Squeaky

  • Posts: 8341
Re: How honest are you with your tax return?
« Reply #7 on: November 22, 2006, 05:23:16 pm »
My turnover was under 15 grand last year anyway.
So my tax was about £450.

So who cares? ;D

Bit worried this time though, as I've no money to pay a tax bill with.
Can you do it on payments?

If not, tough.
They can't accuse me of earning more if I've got no bloody money.

Jake

  • Posts: 348
Re: How honest are you with your tax return?
« Reply #8 on: November 22, 2006, 05:59:51 pm »
Squeaky

Some years back while in the building trade, I paid my January tax bill in monthly instalments, think you would pay a small amount of interest. Have a word with the tax man, they just want 'their' money, they won't mind waiting 6 months?



                                               Regards............Jake
Exeter, Devon

Moderator David@stives

  • Posts: 8829
Re: How honest are you with your tax return?
« Reply #9 on: November 22, 2006, 06:00:18 pm »
Squeeky

I dont understand , your turnover was less than £15 k  I did that much by July

i think you need to seriously think if you are in the right business or not.

How many customers have you got.

Dave

simon knight

Re: How honest are you with your tax return?
« Reply #10 on: November 22, 2006, 06:03:08 pm »

Kosher!!!

Sir Squeaky

  • Posts: 8341
Re: How honest are you with your tax return?
« Reply #11 on: November 22, 2006, 06:12:23 pm »
Squeeky

I dont understand , your turnover was less than £15 k  I did that much by July

i think you need to seriously think if you are in the right business or not.

How many customers have you got.

Dave

I'm got enough to do each day.
I rarely catch up.

I just haven't got massive commercial jobs, and my prices aren't a rip-off. (not saying yours are!)

No-one could earn much more on my round, I'm quick.

Moderator David@stives

  • Posts: 8829
Re: How honest are you with your tax return?
« Reply #12 on: November 22, 2006, 06:20:27 pm »
so you only work 3-4 hours a day then

Sir Squeaky

  • Posts: 8341
Re: How honest are you with your tax return?
« Reply #13 on: November 22, 2006, 06:22:03 pm »
 ???

No, about 5 or 6.

Moderator David@stives

  • Posts: 8829
Re: How honest are you with your tax return?
« Reply #14 on: November 22, 2006, 06:25:03 pm »
£10 an hour  :o

Sir Squeaky

  • Posts: 8341
Re: How honest are you with your tax return?
« Reply #15 on: November 22, 2006, 06:29:25 pm »
No, about 20(ish).

You can't work every hour.
Sometimes I've got to pick up or drop off my daughter.
Sometimes it rains (lots lately).
Sometimes I finish earlier.
I don't do friday afternoons.

Averaged out that's the way it is.

Re: How honest are you with your tax return?
« Reply #16 on: November 22, 2006, 07:00:49 pm »
Bit worried this time though, as I've no money to pay a tax bill with.
Can you do it on payments?

Yes, I paid in installments this year.  I waited untill they started sending threatening letters and then arrived at a monthly payment plan after a bit of haggling.  The tax man isn't too bad.

It's all paid off now (including most of 06/07s tax) and I feel like I'm rich!  We've even had meat for dinner.


Ian_Giles

  • Posts: 2986
Re: How honest are you with your tax return?
« Reply #17 on: November 22, 2006, 07:15:47 pm »
Rog,
If you are declaring just about everything you earn, less a cup of tea here and paper there (for the sake of arguement) then roughly 15k a year, working a 6 hour day works out at a tenner an hour (near enough)

Doesn't matter that you have a Friday afternoon off, take bank holidays off, get rained off, hacked off or whatever.
Your job is worth a tenner an hour.

All of those reasons that any of us lose time over (hols, rain whatever) have to be taken into consideration.

I have a day tomorrow for instance, where by the time you have been to Mike's and bought your paper I'll have knocked out £206  (6am start and you get your paper at about 8am)
Whatever you may think to the contrary, the prices I'm charging are not rip off prices, were you doing them off a ladder (by that I mean you personally) you would almost certainly want a similar amount for the jobs.

so I could turn around and brag that I'm earning over a £100 an hour.

I'm not, at the end of my tax year I will be turning over somewhere in the region of 25k.
So my average is a paltry 14 quid or so an hour for me (approx a 35 hour working week)

Yet I feel like I am consistantly turning over above a £100 a day...but of course time is lost through hols, rain....
You get the picture?

to get a decent income it is no use thinking, I'll charge this semi £7.00, I can knock out 3 or 4 of these an our easily...I'm on £21 an hour! Over 32k a year!!!!

But of course you are doing no such thing, to achieve a decent income, £7.00 a semi just isn't enough (rog, this isn't a dig at you personally by the way, I'm really just using you as an example).

So many seem to think that because they can bang out well over a ton a day they are earning really good money, but once you have worked out what you have actually turned over in 12 months, whether you work just 5 hours a week or 50...

Your tax return tells you what you are really earning...
Ian. ISM CLEANING SERVICES

Sir Squeaky

  • Posts: 8341
Re: How honest are you with your tax return?
« Reply #18 on: November 22, 2006, 07:23:55 pm »
I was just looking at the poll results so far and thinking...

Bunch of liars. ;D

Moderator David@stives

  • Posts: 8829
Re: How honest are you with your tax return?
« Reply #19 on: November 22, 2006, 07:35:55 pm »
I set my target last new year to increase the amount of work on my books by £20'000 to be achieved by last working day this year so far I have achieved an extra £15'000 with no advertising or marketing or doorknocking or leaflets , I have not even got a sign written van.

How did i achieve this you may ask.

If a promise of a job comes up then i would of achieved my goal, I have been told the job is mine but i need confirmation before christmas for it to count

Dave

p.s Squeeky I am no Liar

My motto is live your life with 100% integrety and you will go far, If you are prepared to tell small lies where do the big lies come in.