[Ian Rushmore]

Trade?  Give me a break.

Anyway I was called for 'interview' by HM Customs late last year and asked to explain why my declared earnings had gone up so much on the previous four years.

They didn't believe when I said what was earnable, but when I told them about the w/c forums on the www they had a look and on a second interrogation  they then said that they would be taking a much closer look at w/c income, especially what they earn/declare (two different things  ).    Well, that was September, and two weeks ago they opened a formal investigation into me and said that they anticpated doing more of these.
So watch your back with what you claim you earn and what you tell HM Customs.
Obviously I can't say any more at the moment but I don't think its going to be easy ride over the next few months.

Oh and the more you talk about wc being a 'trade', (titter!) the more it looks like you CAN earn big bucks, but you try hiding that from them. 

[xxmattyxx]

Well, that all depends on what you were declaring previously.

[Ian Rushmore]

Well, that all depends on what you were declaring previously.

It goes to show that w/c are earning more, much more, than they were pre-wfp.  Customs know it, they read it, some w/c declare it (me!) and it's one of those jobs where you can hide what you get in cash, they know this and I reckon they are on the scent. That's besides the point... yes, you can earn a good living from w/c, we know it, but so do a whole bunch of other people.

[robbie14000]

Ian- The only tax we don,t pay is on tips for the lads at christmas as they share them. (i know you are supposed to pay tax but it is normally peanuts.)
We only accept cheques or clients ring and pay over the phone so everything goes through the books.

As for taxman saying how you have earnt alot more last year to the previous four is simple.
We have picked up 2 large contracts this year which will add over £20k to turnover.
But 2 years ago did a large contract that the following year we lost so it is swings and roundabouts really.
Thanks Robbie

[Ian Rushmore]

Robbie that's fair enough...

I'm talking about the times when w/c do a job for the first time and pocket the cash and ONLY hten enter the details on there work datebase when they get home - waiting until the next month to 'declare' the new job. Or what about when you do a bit extra (a skylight maybe) and keep the cash if you are paid in cash.

Tricks like that.

[Wayne Thomas]

Only a muppet would post their earnings on a public forum. Perhaps they should rename this forum: 'the Clean it Up muppet' forum???

[Londoner]

Start the music.............

Muppets have been talking bo11ocks on this forum regarding earnings for as long as i have been on here.

[Paul Coleman]

Trade?  Give me a break.

Anyway I was called for 'interview' by HM Customs late last year and asked to explain why my declared earnings had gone up so much on the previous four years.

They didn't believe when I said what was earnable, but when I told them about the w/c forums on the www they had a look and on a second interrogation  they then said that they would be taking a much closer look at w/c income, especially what they earn/declare (two different things  ).    Well, that was September, and two weeks ago they opened a formal investigation into me and said that they anticpated doing more of these.
So watch your back with what you claim you earn and what you tell HM Customs.
Obviously I can't say any more at the moment but I don't think its going to be easy ride over the next few months.

Oh and the more you talk about wc being a 'trade', (titter!) the more it looks like you CAN earn big bucks, but you try hiding that from them. 

That seems pretty odd.  I could understand them wanting to have a look if your turnover had gone down or had remained static for several consecutive years but I'm surprised to hear that they wanted to have a look at it going up sharply.  Since my first year of WFP when my turnover was slightly below my last year of trad, my turnover has started to climb quite sharply too.  WFP doesn't wear me out like ladder climbing did so I have more energy to spare to do more work or to seek more work.  The realisation of where I can now take my business generally makes me feel more positive and that reflects in my workload.  I've nothing to hide from HM Customs as I run a straight business which would withstand an investigation.  Obviously it's better not to have one though as it's just a load of hassle and potentially quite time consuming.  Although there is only an obligation to have 7 years of records (6 years + the current year), I've actually got all mine for the past 17 years.  The first 10 are all on paper though.  God help anyone who wants to decipher it.
I have every individual customer transaction logged since October 1991 LOL.  Perhaps it's time to feed the paper from the 20th century records to the recycle bin.  At least it would save me having to buy some new box files.
If every day was like the top 5% of my work, I would be a very high earner.  But it's not so I suppose I'm just middle-of-the-road for a W/C sole trader.

[Tosh]

Trade?  Give me a break.

Oh and the more you talk about wc being a 'trade', (titter!) the more it looks like you CAN earn big bucks, but you try hiding that from them. 

I'm not sure what you're talking about.

'Trade' means a voluntary exchange of goods or services. 

[robbie14000]

For every person who climbs the ladder of success.
There are a dozen more waiting for an elevator
Robbie

[Ian Rushmore]

Here today GONE tomorrow.


FACE IT.

5.44*43J8>907444/3

[matt]

Ian

most on here take the earning posts with a large pinch of salt

its like blokes down the pub bragging that they have a sports car that does 0 - 60 in 3 secs OR the mrs is 18 and can suck a golf ball through a hose pipe

Calm down dear! It's not real its just a forum

[NWH]

 

[rosa]

the mrs is 18 and can suck a golf ball through a hose pipe

[laddermonkee]