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Street Entertainment

I have searched this forum but cannot find a thread on street entertainment as a way of upping your income so I was wondering if anyone out there did this either as their only source of income or simply to supplement their income?

I know that you need a permit from the local council to perform but have no idea what taxation issues there are for this form of income generation. Afterall you get all your income in the form of cash and there's no way to know how much has been made on any given day.

I know this is a bit vague but I'm just starting out looking into this so would appreciate any knowledge/advice people have in this field.
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