HOW TO PAY YOUR SIDE HUSTLE TAX !!
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- เผยแพร่เมื่อ 15 ม.ค. 2024
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This video was edited by: samueljamestt?i...
theres no new law
I hate the tax side. It blows my mind but got to be done
Simply the only thing that has changed is ebay are forced to grass you up now. The law is the same as its always been.
Just get an accountant. Couple hundred quid a year. Rocket science it aint.
Hi. great coverage of the subject matter. Thank you both for taking time to give overview. Personally I think separating personal and buy to sell vinted / ebay does not work as ebay seems to always deliver a higher sold price. Also I'm carrying 5 sales channels Personal Household + buy 2 sell + x4 consignment clients with mixed consignment fees so think separate bank accounts also would not practically work. Anyways ebay will declare your total earnings for all sales channels so even if your can manually assign each item sold to a particular bank account, I'm sure HMRC next question will be to ask to see detail for each sales channel. If you have prepared your data to deliver that answer then working off a single bank account is viable. Plus ebay having declared total sales value you then surely you have provide a breakdown for each sales channel to get to the actual taxable income figure. I cannot see a way round have to keep a detailed sales log for each sales channel either in excel or quickbooks. Any thoughts on this comment greatly appreciate
When do you start your ebay account from ?
Would be great to cover in more details the types of expenses online sellers can claim for to limit tax liability.
Anyone know?
What if your trying to show that your a profitable business e.g. trying to get a mortgage and you've claimed everything as much as you can as expenses and your profit is low, would it be best to declare less expenses for this ?
Great content in the middle of the all the nonsense people are putting out
AWESOME AWESOME AWESOME content - thank you so much the pair of you!
Great video can home improvements such as loft boarding for extra storage be a tax expense if not all potentially a percentage?
Thank you, great video
Thanks so much, Jon and Aaron for this brilliant session. Very useful info!
A massive thanks to you guys, answered a whole load of questions for me.
Thanks for the great content, been waiting for something like this for a while, really helped ❤
quickbooks chap was soooooo easy to understand
great video one of the simplest explanations ive watched thanks
So couple questions Jon. If there's a return and that transaction & profit is voided can you still claim the outward postage you paid as expense still? Same if your paying a return label is that an expense that can be claimed back as a cost
I’m currently employed but I also complete a tax return for my self employed personal training work that I do on the side. Can I add my eBay tax return alongside my fitness stuff ?