Accountancy is more than adding up figures and filling in a tax return (or it should be)
October 22, 2017
If you think your accountant is only any good at adding up and filling in your tax return you've either underestimated your accountant or you may have the wrong accountant (See the P.S. at the the end of this post)....
Don't treat HMRC as fools. They're not.
HMRC have huge resources and they are starting to learn how to use the internet to their advantage. They have spent £100m or more on a super-computer designed to identify those who may have paid too little (or no) tax.
They have ...
In very simple terms, HMRC are only concerned about you paying the correct amount of tax. Provided you are declaring all your income and claiming all (tax) allowable expenses HMRC won't be bothered how you describe your business. The question will not arise anyway until you'...
This week's U-turn by the government over increasing national insurance contributions for the self employed is good news for all those who are self employed in the adult entertainment industry. Don't forget that if you're an escort you must be self employed to avoid problems...
Can I get a mortgage if I'm an escort?
March 1, 2017
This is yet another question I'm frequently asked. I do realise that most escorts don't describe themselves as escorts for this very reason. So I thought I would ask the firm of mortgage brokers we recommend and use "If an escort described herself as an escort in a mortgage ...
How to stop AdultWork adding VAT to their fees
February 14, 2017
AdultWork will automatically add 20% VAT to the fee they charge you unless you prove you're a UK business.
To do this you'll have to complete VAT Details page which you can find on the AdultWork website at My Details/Credits/Transfer Request Form. Where it says "
Note: Are ...
HMRC is watching you
December 12, 2016
HMRC have, for the last two to three years, been using a system called 'Connect' to identify tax evaders.
Connect accesses information from nearly 30 different sources, including the internet obviously, and then allows HMRC to search on individuals, specific addresses and s...
HMRC target the adult entertainment industry
November 1, 2016
HMRC are cracking down on tax-dodging adult club owners and adult entertainers in a new campaign. I'm fairly certain they were encouraged by their success in catching Janine Adeleke who hid the £650,000 income she earned from her London-based escort agency so that she could...