Quote:
Originally Posted by Lisaschon
IP2
I would mainly be selling my own information products (ebooks), maybe some affiliate stuff if it ties in with ebooks. No electronics, food, drink, no hard goods at all just downloads. Yes I am on the standard tax rate and I have already started getting logs sorted out to help keep account of any expenditure. I would like to find out what I am entitled to claim for if I am working from home. I can imagine the Tax Office web site is as user friendly as the rest of the government ones - he he he. Any more info. on this would be great. I couldn't imagine I would need an accountant at this stage, I've only made $20.
Thank you again everyone for your help. What a great forum.
Lisa
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Then in answer Lisa, you don't need to worry, keep your accounts in order, for the Tax man as much as yourself. I am a great advocate of small businesses avoiding accountants, if they really don't need one. Sadly working from home does not entitle you to anything extra - this Government is not that interested in start up businesses - but I think I miss read that, you can claim for anything that you can show your business needs to set up and run. In all honesty, HMRC aren't into chasing and checking small businesses unless they have reason for suspicion...so just be sensible over what you classify as business expenses and you will be fine!
Shout if you need more help!