Recent content by Dann Stonelake
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After advice on tax
Yes I gather materials doesn't need deducting. But real case scenario here ... I just invoiced for £900, 4.5 days @ £200 a day. The subby invoiced me for £675 @ £150 a day for 4.5 days. I should be making £50 a day on them right so I should only be taxed on £225 I make from them as that's my...- Dann Stonelake
- Post #3
- Forum: Accounts & Finance
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After advice on tax
I have a decorating business, my mate has a kitchen fitting business. He uses my business to decorate the kitchens. When I personally carry out the works I purchase materials and charge him £200 a day Labour plus the materials. For example 3 days - £600 + £275.49 materials ... he will deduct my...- Dann Stonelake
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- Replies: 8
- Forum: Accounts & Finance