~Avon Hints and Tips~(Part 5)

lozza1985

Anyone who works full time - don't worry about registering as self employed - it doesn't affect your tax code at all. I work full time and am SE for avon to, its fairly easy to do the return (you just need your P60 for some info from that), and I seem to remember when I did my return for the tax I needed to pay that I could choose for it to come out of my wages, though I chose to pay it online as didn't want to mix avon & work.

lita

Can someone explain (in laymens lol) why we keep receipts for things and what exactly do you need to keep receipts for please? I have no idea about all this malarky so would really rather I didn't have a nasty shock when it comes to filling all the paperwork in:rotfl:

lozza1985

We need to keep the receipts so that (A) we know how much we have spent in running our business, as part of the tax return asks for total costs, and (B) if the tax people want to check up on it, we have the receipts to prove how much we have spent re avon.

Aesop

lita wrote: »

Can someone explain (in laymens lol) why we keep receipts for things and what exactly do you need to keep receipts for please? I have no idea about all this malarky so would really rather I didn't have a nasty shock when it comes to filling all the paperwork in:rotfl:

contact the Inland Revenue. Phone number and web address on 1st post, 1st page. They offer free courses in self assessment, how to complete your self assessment, what we can claim for, etc. Very good course, very helpful.

lita

aureol212 wrote: »

contact the Inland Revenue. Phone number and web address on 1st post, 1st page. They offer free courses in self assessment, how to complete your self assessment, what we can claim for, etc. Very good course, very helpful.

Sounds good, do you have to go somewhere for it or can it be done at home?

lozza1985

Unfortunately you have to go to it, and they're run in the week which is why I haven't done one - not using a days holiday to go on a tax course lol!

lita

That's me out then, I don't think my 10 month old would appreciate a tax course lol. Going to see what I can find on the internet instead.

johanne

i wasnt having a go at marsden or implying she has done anything wrong - i merely saying she might want to check a second time and get it in writing if there WAS any comeback!!

AND just for the record I wasnt claiming any benefits/tax credits or anything when i started avon!! havent always been a "Poor single mum" having to claim benefits/tax credits to keep my head above water!! i had a partner who earnt a good wage and i didnt have any other income etc but still needed to register and fill in a SA even though it was my only job and i wasnt getting anywhere near the £2k mark!! Infact that was the year i only made £588 profit!

YES my circumstances are very different to you on all here i suppsose now but i was trying to make sure Marsden didnt get duff into off some idiot at the tax office and then get walloped with a fine etc!! Ive seen it happen to people i know and witnessed the fines/debt collectors as a result of HMRC and SA not being filled out for a business that was only running 6 months and made a LOSS!!! So doesnt matter if you make 10p or £10,000 or even lose £1000000 if your running a business as far as i was made aware you HAVE to fill in a SA! But obviously im totally wrong and need to shut up....

*crawls back under her rock*

joyfull

johanne,
Unless I'm missing something, your advice was absolutely fine and well intentioned. Has someone been offended? Please don't 'shut up' - your posts are great and very much appreciated.
Joyfull XXX

Mummyof2girls_2

johanne wrote: »

i wasnt having a go at marsden or implying she has done anything wrong - i merely saying she might want to check a second time and get it in writing if there WAS any comeback!!

AND just for the record I wasnt claiming any benefits/tax credits or anything when i started avon!! havent always been a "Poor single mum" having to claim benefits/tax credits to keep my head above water!! i had a partner who earnt a good wage and i didnt have any other income etc but still needed to register and fill in a SA even though it was my only job and i wasnt getting anywhere near the £2k mark!! Infact that was the year i only made £588 profit!

YES my circumstances are very different to you on all here i suppsose now but i was trying to make sure Marsden didnt get duff into off some idiot at the tax office and then get walloped with a fine etc!! Ive seen it happen to people i know and witnessed the fines/debt collectors as a result of HMRC and SA not being filled out for a business that was only running 6 months and made a LOSS!!! So doesnt matter if you make 10p or £10,000 or even lose £1000000 if your running a business as far as i was made aware you HAVE to fill in a SA! But obviously im totally wrong and need to shut up....

*crawls back under her rock*

You certainly reminded me to do mine, due to implications that may occur if I forget!
Your advice was well received & I certainly don't think anyone meant to offend you in their posts x