Each law is different, depending on what country you live. Basically in the UK any income above £12,000 is taxed at a 20% rate. How do you go about keeping track of your online earnings and doing your taxes? Or, do you hire an accountant for you?
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We also have income tax system here too. Once you're working and earning, you're automatically paying your taxes.Basically in my country,there is what we call income tax,it is usually deducted from the companies account by the firm and then you remit to the tax agencies,you declear the number of employees you have and then you pay the appropriate tax.each employee is suppose to have his own tax clearance certificate.
I'm curious as I know you're in the US... So I have my main job where I make x amount of money, but then do something on the side online.... Wouldn't I combine the two regardless and then would have to get taxed? Or were you doing your online part only and it still wasn't required to be taxed?I used to have a spreadsheet with all my earnings on it, dates, etc. In the US, you don't have to declare your earnings if you make under a certain amount of money and with a lot of online earnings, I found that I fell under that amount. When I had my online portrait business, it was a different matter and I declared my earnings on taxes. Since I worked out of my home, I was also able to itemize.
Pubs need all the support they can get so this is a massive kick in the teeth for them and it wouldn’t surprise me if even more end up closing. Even Wetherspoons are closing pubs and have increased their prices. There should at the very least be an exception for businesses who serve alcohol and tax just supermarkets instead.As of today, alcohol is now gone up in terms of taxes, not going to help pubs and clubs at all. 20% is high but always going to be 20% here in the uk
that's why most are going into the foodPubs need all the support they can get so this is a massive kick in the teeth for them and it wouldn’t surprise me if even more end up closing. Even Wetherspoons are closing pubs and have increased their prices. There should at the very least be an exception for businesses who serve alcohol and tax just supermarkets instead.
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