My cousin is a lapdancer and has asked me to help 'sort her tax out'. She started dancing this year and Ill find out more details on Friday but does nayone on here deal with this profession (?) and is there any basic advice you can give?
I'm running a seminar on saturday 'The lapdancer and and tax efficiencies', send her along!
I do the accounts for a couple odf dancers and really things are pretty straightforward on the whole. Strictly speaking 'tips' have to be disclosed and then normal rules apply, i.e. expenses must be wholly and exlusively for the purpose of the business.
Its a bit quiet on this subject on the HMRC website apart from a bit about gifts not being exempt from tax.
I would imagine that the tips scenario would be similar to that for Taxi Drivers so if anyone handles taxi drivers might be worth passing your expenses experiences on to Beccy.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Wonder if you can get some CPD points from it though!
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
and has asked me to help 'sort her tax out'. She started dancing this year and Ill find out more details on Friday but does nayone on here deal with this profession (?) and is there any basic advice you can give?
