Showing posts with label wedding. Show all posts
Showing posts with label wedding. Show all posts

Wednesday, 4 May 2011

A little too taxing for me

What a revelation! HMRC giveth - it does not take away! For the first three quarters of today's training course (cunningly entitled "Newly Self Employed - The Basics" - no reference to tax, you notice), I was amazed that I'd not been aware of this secret. Specifically: if you're self-employed, you can claim 45 pence a mile for business-related driving. It's just the same as claiming mileage as an employee, said the trainer; simply note the purpose of the journey and you'll get reimbursed. At least, that's what my eager brain thought he said. How could I combine editorial services with long distance driving? Surely there was potential for a very lucrative income stream. Best add it to my business plan.

Then I listened a bit harder to the trainer telling us how to deduct taxable expenses from profits. Oh. It is at least to the sole trader's advantage but only terms of reducing the tax bill. HMRC doesn't giveth after all.

And so you will conclude, as I did, that I was right to suspect last week that I need all the help I can get on matters of finance. The course was actually fairly useful, if only to highlight how to get things right. Other, non-tax related, points of information were:
  • Public sector cuts have not only reduced the number of courses available but also stopped the serving of coffee and tea altogether. Such rationing does not seem to extend to Business Link, which offered rather tasty traybakes at the racecourse last week.
  • Two of the delegates (a couple) run a mobile petting zoo, providing rabbits to after school clubs and lizards to wedding receptions. They said they're training a barn owl to fly down church aisles with the rings. I suppose that's a more reliable courier than some of the best men I've heard of.
  • HMRC Norwich is cleverly disguised as a Premier Inn and can only be accessed via a secret door. There must be a metaphor about tax returns in there somewhere.

Saturday, 30 April 2011

Of love, life and art

Even I can't be entirely cynical about yesterday's royal wedding. It may have been overhyped and a transparent attempt to distract us plebs from real issues but I was just happy to see my taxes spent on promoting love instead of war. Fabulous dresses, outrageous headgear and we got an extra day off work - what's not to like? I might as well appreciate holidays while I can still take them - once I'm self-employed, a day off will mean a day of lost income or an all-nighter to follow. Going to task in the city (look it up) has the sort of advantages you don't appreciate until they're gone.

So we spent our day off (and indeed the wedding itself, much to my mother's horror) driving up to Sheffield to see our friend Mike, who has a barbeque for every occasion and specialises in tender brisket (which at least sounds wedding-related). A couple of friends were there who happen to be self-employed, so of course I took the opportunity to ask them about tax and accountants (I know how to get a party swinging). One does consultancy work via an agency; the other is a designer who has diversified. Neither is particularly inclined to return to the life of a corporate minion - and both evidently took the day off, so perhaps I shouldn't be so concerned. The key message was to take it all seriously - get the right insurance and pay the right tax. I think I can manage that.

Further inspiration followed today at the Yorkshire Sculpture Park, which I had never heard of and was slightly anxious about visiting, as it was 40 minutes in the wrong direction from home. But, as usual, submitting to The New was definitely the best choice and one that had already been made by everyone else as it seemed that the whole county had turned out to frolic in the art-strewn countryside. For us East Anglians lowlanders, even the hills were a revelation, sprinkled with the fresh greens of spring, and enhanced with the double pleasure of art.

That's not to say my cynicism was entirely smothered - while I'm happy to revel in the many metaphors of a meshwork viewing pavillion, I'm less inclined to call 71 wooden steps art, even if they were fashioned of burnished oak. That's just expensive landscaping. But I am still inspired: we only tackled a small proportion of the riches on offer so we will now be demanding a trip to sculptureland after every barbeque at Mike's. Every sense needs feeding after all.