Welcome to the relaunched taxrelief4escorts.
We hope you like the new cleaner layout which has been designed to make it easier to find your way around. Comments are welcome but will be moderated before they appear.
I am often asked somebody once asked me to explain double-entry book-keeping.
Thanks to the awesome Julia Haigh I’m not even going to try because her very engaging and catchy video presentation is so much better than anything I could do. It is her winning entry in a competition organised by the Association of Accounting Technicians to find the best video explaining the principles of double-entry book-keeping in under 3 minutes. Loving the tune!
Fortunately a mastery of double-entry is not essential for a successful career as an escort. Our TaxRelief Diary is a simple to use book-keeping system specially developed for escorts and it doesn’t require you to know the slightest thing about double-entry. It costs just £12.50, but for one week only Lulu.com (who print it for us) have a 15% sale - just quote the coupon TENYEARUK and you can get it for £10.63 plus postage & packing. This offer expires on Friday 18 May.
My apologies to anyone who was expecting an article about double-entry sex and found themselves watching a video about debits and credits. You may be interested to learn that while oral sex is often known as French, and anal sex as Greek, the equivalent name for double-penetration is Italian, in honour it is believed of Luca Pacioli the 15th century Italian monk and inventor of double-entry book-keeping.
This post is prompted by a comment from Concerned:
What if I am a full-time student, do I still have to pay tax?
Students are liable to tax on their income in exactly the same way as anybody else, although in practice few full-time students pay tax because their income is usually less than the personal tax allowance – the amount of income anyone resident in the UK can receive before they pay tax – which at the moment is £8,105. read more…
Lulu.com who print and distribute the TaxRelief Diary for us have a site-wide sale until this Friday, 27 April.
All you need to do is use the code EARTHUK at the checkout and you will get a discount of 12%. Numbers are not really my thing, but as the usual price is £12.50 I am fairly sure you get a reduction of £1.50. But hurry!
For anyone who has not seen the TaxRelief Diary, it is a no-nonsense book-keeping diary specially produced for escorts. It is now in its fifth year and has built up a modest but loyal following. read more…
I’ve just read a thread on Punternet about money laundering. All fairly boring stuff, but then this jumped out at me:
I am employed by my limited company. I pay myself a wage & pay PAYE on that. My Company organises my Health Insurance, Gym Membership and funds my education as a benefit.
Also, if I decide to start a family, Maternity Pay is easier to manage for an employee than for a Self-Employed person.
Now I don’t know anything about this girl, other than what she has written on this thread, and it may be that she has taken professional advice or there’s more to it than she has revealed, but it strikes me that far from being clever this strategy is fraught with problems. read more…
One of the questions that gets asked frequently is whether when registering with HMRC it is OK to describe your business as something less obvious, and if you do does that limit the expenses you can claim against tax. Among the descriptions I have seen suggested are executive stress consultant, fitness coach, massage therapist, and escort. No doubt with a little imagination all sorts of other business descriptions could be conjured up.
There are a number of reasons why you might want to describe your business in a way that does not explicitly state what you do. Two that come to mind immediately are applying for a mortgage or a tenancy. In both cases you would probably prefer to produce a set of accounts or tax return which is more discreet about your business. And of course if you ever plan to become Mayor of London it looks like you will now have to publish your tax records. read more…
Welcome to the new 2012/13 tax year and welcome to the relaunched taxrelief4escorts.
I hope you like the new cleaner layout which has been designed to make it easier to find your way around. All the previous material has been revised and updated, and Jolyon has added some new stuff too. We have tried to organise everything in a more logical way, but apparently tax is not always logical so we may not have succeeded.
One of the advantages of the new layout is that comments can be added. I am afraid comments will not appear immediately. We seem to get an enormous amount of spam – mostly from people claiming to be the world’s largest supplier of false passports – so I have turned on moderation which will delay things a bit.
I will try to kick Jolyon into giving timely and relevant replies to comments, but he tells me we can give generic, but not specific advice (whatever that means!) so if you have a detailed question you would do better to consult an accountant who can give advice tailored to your specific situation.
Enjoy!
Hattie Milliner
The 2012/13 tax year starts today and the new edition of the TaxRelief Diary is now available. The Diary is an easy to use, clear and straightforward DIY book-keeping system specially developed for escorts. And it has been designed to help you protect yourself from the risks of a detailed tax enquiry.
The cover design is slightly different this year, but the inside is unchanged. As before it is A5 size and coil bound so the pages fold flat making it easy to write in. The price is also unchanged at £12.50 plus postage & packing.
To take a peek at what’s inside there’s a preview with pictures of selected pages here.
Gladstone's 1860 budget box was used until retiring due to fragility in 2010
I watched George Osborne deliver his budget and wondered why the BBC hadn’t included the usual tame accountant in their team of expert post match commentators. There’s only so long I can stomach listening to Robert Peston sharing with us his ignorance of Corporation Tax. Then I discovered why. It took the HMRC website almost an hour to twig that the speech was over and publish the documents containing all the detail.
So here are the main tax changes that affect escorts. read more…
