Doing odd jobs?
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Thread: Doing odd jobs?

  1. #11

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    Only worth putting through Ltd if the job incurs expenses or capital outlay for tools etc that can be re-imbursed or offset against tax?

    Otherwise do privately and if your conscience dictates, declare cash in hand jobs on self assessment, like all those landlords, car booters, and ebay sellers 'do'.
    Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.

  2. #12

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    You can choose to do odd jobs as self-employed or through your LTD.

    Id do it personally and trouser the cash. You could put it on your self assessment if you want to be honest.
    Doing it via LTD would just be a PIA
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  3. #13

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    Quote Originally Posted by northernladuk View Post
    What is the SIC code for your LTD?
    Thank you for your response. My SIC code is 70221, Financial Management.

  4. #14

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    Quote Originally Posted by Sterling View Post
    Thank you for your response. My SIC code is 70221, Financial Management.
    That's interesting. Most of us are in IT on here. What do you manage?
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    Quote Originally Posted by Lance View Post
    You can choose to do odd jobs as self-employed or through your LTD.

    Id do it personally and trouser the cash. You could put it on your self assessment if you want to be honest.
    Doing it via LTD would just be a PIA and would add VAT onto your price.
    FTFY
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  6. #16

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    Quote Originally Posted by mudskipper View Post
    Yes, you can use your business for whatever you like.

    When you submit your annual return, you can include multiple SIC codes.

    Where it gets more complicates is with flat rate vat, so if yourCo is on FRVS, talk to your accountant.
    Thank you for your kind response. I am not on flat rate scheme.

    To put matters in perspective (and moving beyond my examples which were just there to explore possibilities), my elderly mother lives in a retirement apartment which is owned by a trust rather than her. The trust will pay for maintenance work on the fabric of the flat. I couldn't work cash in hand for the trust given that some business formality is required. The flat is cluttered with antique furniture and many items mounted on the walls and would not be an easy decorating job. If I quote the trust for the work and do the work myself that is less stressful for my mother, the trust has its apartment made good, and I get paid for my work. Whereas other posters would do the work cash-in-hand to circumvent tax, I would achieve much the same end legally by flushing the earnings through my pension.

    Perhaps there could be an issue with my SIC code being restrictive.

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    Quote Originally Posted by northernladuk View Post
    That's interesting. Most of us are in IT on here. What do you manage?
    Yes, I'm not IT. I negotiate commercial engineering contracts for clients.

  8. #18

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    Quote Originally Posted by Sterling View Post

    Perhaps there could be an issue with my SIC code being restrictive.
    I don't believe so - the SIC code is just for statistics. Just include the additional SIC code on your annual return if the work is significant.

    Worth checking with your accountant.

  9. #19
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    Quote Originally Posted by Sterling View Post
    Don't bother. I'll seek advice and assistance elsewhere.
    It's a shame that this has come to seem the most reasonable eventual reaction of anybody asking a question on these forums.

    Boo

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    Quote Originally Posted by Boo View Post
    It's a shame that this has come to seem the most reasonable eventual reaction of anybody asking a question on these forums.

    Boo
    I can't see why the OP would say that. He wasn't flamed or ridiculed. He also continued posting.
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