Earnings from web site?
17 October 2001, 04:21 PM
#1
Scooby Regular
Thread Starter
Join Date: Dec 1999
Posts: 3,360
Likes: 0
Received 0 Likes
on
0 Posts
I've recently started to get some (small) earnings from my website this year, so I'm assuming I will need to declare them on my tax return when I get it. This isn't my full time job!!
If the earnings are made and paid in the US as US $ do I still need to declare them?
Also if i buy things like web design software, can I offset that against the earnings?
Is there any web sites that I can read up about this?
cheers,
greg
If the earnings are made and paid in the US as US $ do I still need to declare them?
Also if i buy things like web design software, can I offset that against the earnings?
Is there any web sites that I can read up about this?
cheers,
greg
17 October 2001, 07:00 PM
#2
Scooby Senior
Join Date: Feb 2000
Location: West Midlands
Posts: 5,763
Likes: 0
Received 0 Likes
on
0 Posts
Greg,
your best (safest) bet is to ask the tax man - be honest and you won't get into trouble.
More importantly, you may wish to contact your, er, employer, as i seem to recall that you must declare any "Outside Interests" (see page three of your Contract of Employment)!
mb
your best (safest) bet is to ask the tax man - be honest and you won't get into trouble.
More importantly, you may wish to contact your, er, employer, as i seem to recall that you must declare any "Outside Interests" (see page three of your Contract of Employment)!
mb
17 October 2001, 11:12 PM
#4
Scooby Regular
Join Date: May 2001
Posts: 1,449
Likes: 0
Received 0 Likes
on
0 Posts
*lol* @ DasV. I made some cash from doing a website and updates to it, did the invoices in my girlfriends name, she wasn't working so used her tax allowance. Might be worth thinking about 
19 October 2001, 12:16 AM
#6
Scooby Regular
Join Date: Jun 2000
Posts: 3,783
Likes: 0
Received 0 Likes
on
0 Posts
Wow, its nice to know somebody is making some cash!
Seriously though, I do earn part of my living from the internetty - nice database-driven websites with Janet & John update facilities for retard customers win the day for me.
I was thinking of getting naked and doing a photo shoot - something tasteful with flowers. I'm sure that would make a mint.
-DV
Seriously though, I do earn part of my living from the internetty - nice database-driven websites with Janet & John update facilities for retard customers win the day for me.
I was thinking of getting naked and doing a photo shoot - something tasteful with flowers. I'm sure that would make a mint.
-DV
19 October 2001, 10:10 AM
#7
Scooby Regular
Join Date: Aug 2001
Posts: 1,029
Likes: 0
Received 0 Likes
on
0 Posts
Greg
Yes - sadly! However, the revenue may fail to believe that anyone makes a profit from the net.
Yes - it is irrelevant where the earnings are earnt, and in what currency they are received in.
Yes - and you can write down the cost of your PC etc.
Duncan
Yes - sadly! However, the revenue may fail to believe that anyone makes a profit from the net.
Yes - it is irrelevant where the earnings are earnt, and in what currency they are received in.
Yes - and you can write down the cost of your PC etc.
Duncan
Trending Topics
Thread
Thread Starter
Forum
Replies
Last Post