oi what you doing here

elantan

sounds to me like your doing extremely well pepe ...well done more power to you ...i love to hear happy stories like yours (well obviously not happy for the banks but hey ho who cares about them lol ...

liking your idea about ryan air ...am working long day tomorrow so will try and figure out a way to go with it ...cheers me dears ...maybe i should get you to write the letter eh lol

hypno06

Re your start up costs - write everything down - what has come in, what has gone out, so you can see how much you have made or lost.

If you have made a loss, you offset it against other income earned, and the revenue will give you a rebate of tax.

So work out what you "lost" between setting up and 5th April, then tell the revenue. They will be quite quick at sorting out any rebate.

PM me if you need any more help, but any equipment, insurances etc etc can be taken into account, and are very valid expenses!

elantan

hey hypno thanks ...i was told that you cant claim tax from a business against any employment ...it would really help if i could though ..my out goings were a fortune not a kick in the bum off of £10k (training etc)( and there's the reason why i am back in debt again) and to even get a wee bit of that back i would be happy

hypno06

elantan wrote: »

hey hypno thanks ...i was told that you cant claim tax from a business against any employment ...it would really help if i could though ..my out goings were a fortune not a kick in the bum off of £10k (training etc)( and there's the reason why i am back in debt again) and to even get a wee bit of that back i would be happy

I entered in all my business expenses AND submitted all my P60s from my various bits of employed work, and they offset one against the other, without any request from me, and gave me a rebate as a result.

Worth a try - you have nothing to lose!

elantan

yep you know what i have nothing to loose...will go search for my p60's when i have a day off ...cheers ...now for a day off ...does anyone have any spare?

savingholmes

elantan - we should be managing on about £7 a day for 4 but guess what we completely and utterly fail at that ever week..... Let us know how you get on....

elantan

so far saving holmes it really isnt going according to plan ...its not a huge leap off of plan but i am still using a load of things in the cupboard etc and still spending over the £6.50 a day allowance (£8 -£1.50 a day for washing powder shampoo etc etc) i am charting it in os they are helping me come up with great cheap meal ideas so that is a bonus ...do you go to os?

hypno06

It is bound to be a bit of an adjustment, El....but you will soon be living on air like the rest of us!!

elantan

yep hypno i hope you are right ...you are ofcourse it is just something we are going to have to get used to ....we attempted it several times last time but nothing serious ...just right we'll try this but still have chinese etc at the weekend ...so this is going to be an interesting learning curve ...but i am sure it will be worth while ...i am thinking along the lines of if i can only afford this in food per day what make it more valid to spend x amount on a book etc ...is it more important to have my snobbery with books at the cost of my health ...or could i go to the library and get books and eat better ...

if any of that makes sense i dont explain myself very well sometimes

hypno06

You have to work out what is important to you and prioritise it. Then go down the list and see what you can do as a reasonable compromise eg takeaway only once a week, or getting books from the library, or reducing the number of books you have, or takeaway once a fortnight etc....

Everything has a price - some that you are happy to go without, some that you are happy to reduce, some that you won't be willing to compromise on at all.....

.....but only you can decide and recognise what falls into each category!