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Tag-Archive for ◊ Full Time Job ◊

Author:
• Friday, December 04th, 2009
mwright555 asked:


I under withheld in my regular full time job and owe alot in taxes…i have a part time home based business that i spent alot more on than i made, can i use deductions to offset the revenue as well as lower my gross income from my regular job? I read u can only use the deductions up to whatever the revenue was for the home based business?

Blackhatmoneymaker
Author:
• Tuesday, May 05th, 2009
buns asked:


My questions are;
1. Even though i pay tax on my full time job do i still have to pay more tax on my home business?
2. If yes, how much tax do i need to pay if i earn 300£ p/w?
3. Are there any other taxes i need to pay for being self employed and working home based?
I need to assess the financial situation before i jump into it. Please help. Thanks.

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