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Thread: Omg!

  1. #11
    Join Date
    Mar 2010
    Posts
    199

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    well done! keep it up.

    Sonia
    x

  2. #12
    Join Date
    Aug 2013
    Posts
    7

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    Way to go, congratulations!

  3. #13
    Join Date
    Feb 2013
    Location
    Finland
    Posts
    724

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    How do you lot survive on no profit :what:

  4. #14
    Join Date
    Feb 2011
    Posts
    1,744

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    Quote Originally Posted by Gemsetterchris View Post
    How do you lot survive on no profit :what:
    I have (for the moment) a student bursary and the rest is currently topped up by working tax credit. We are living on considerably less than we would be getting on the dole but luckily have a tiny mortgage and are enormously anti-social and not into consumerism. What happens when my studies are over... god knows. Back to lecturing maybe, or try and get a cleaning job (pays better than lecturing, no joke!) until I can really push my stuff forward.

    I've come to the conclusion that knowledge industries suck and I'd much rather be working with my hands or doing something more meaningful like support work. Hideous waste of an expensive education, I know, but knowledge is so dumbed down now I don't much want to be a part of it. [/rant]

  5. #15
    Join Date
    Feb 2011
    Posts
    1,744

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    I should clarify, Chris, that anyone advertising and selling stuff has to be registered with the tax office. I'm sure there are others on here who work full or part time and make little or nor profit from jewellery which is, as in my case, at a hobby level. Some brave people (and I'm hoping to be one of them) make the jump and go full time with the jewellery. That's when it gets really scary, but hopefully exciting as well

  6. #16
    Join Date
    Jul 2009
    Location
    Romsey
    Posts
    4,951

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    There is also the consideration that - as with most larger organisations - there's an interest in keeping profit as low as possible so there's little or no tax bill as a result. This is legitimately done by offsetting tool expenses and the likes (and less legitimately by trying to claim that a luxury yacht is needed, for example).

  7. #17
    Join Date
    Feb 2011
    Posts
    1,744

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    I need a yacht! I could brand it "The Gentle Medusa" and sell my seaweedy wares in the french riviera!









    I better get back to work....

  8. #18
    Join Date
    Jul 2009
    Location
    Romsey
    Posts
    4,951

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    There you go then; just convince HMRC it's a legit expense and you're away. Run courses on it, entertain clients and you're well on the way.
    Whether they consider it a proportionate expense for your sales level is another matter

  9. #19
    Join Date
    Feb 2011
    Posts
    1,744

    Default

    This would possibly justify at my sales level

    http://www.ebay.co.uk/itm/VINTAGE-ST...item3cd434379c

  10. #20
    Join Date
    Jul 2009
    Location
    Romsey
    Posts
    4,951

    Default

    Coracles!
    No, it's true...

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