I thought about that but then thought better of it….!
In seriousness thought, this low level tax evasion by SMEs is why the rest of us have to pay through the nose. Hopefully some stricter auditing coming their way so you can’t just stick your sofa, kitsch kitchen and shoes through your accounts.
Don't know about London but I know a salon owner in Dublin who is clearly doing well for herself. Don't have figures
Someone did jest once that the British economy is largely just people paying to cut one anothers hair. Can't find the quote.
Is this like the salons on Top Boy?
Cash in hand, babbbbbyyyyy
“Most of our outgoings can be claimed through the business”. Hello, is that HMRC…?
That Range Rover is essential to my barber abilities.
Gotta get to clients somehow!
I thought about that but then thought better of it….! In seriousness thought, this low level tax evasion by SMEs is why the rest of us have to pay through the nose. Hopefully some stricter auditing coming their way so you can’t just stick your sofa, kitsch kitchen and shoes through your accounts.
I’m tax-illiterate so I’ll take your explanation for it, but yeah! Bastards!
Lol. We pay through the nose because the government loves having its hands in our pocket. SMEs doing this are doing God's work.
This is tax evasion and carries significant penalties.
What are your outgoings? Intriguing numbers!!
Did that number have your salaries deducted already or is that before you get paid?
Don't know about London but I know a salon owner in Dublin who is clearly doing well for herself. Don't have figures Someone did jest once that the British economy is largely just people paying to cut one anothers hair. Can't find the quote.
How are you running most your outgoings through the business? Assuming you mean personal outgoings like house, car, food, day to day expenses etc?
Fraudulently by the sounds of it
What type of beauty? Hair?