SpeedDemond29
Hey Norway, or other DJs in other countries ... Do you guys claim or have to claim your money on taxes? (the money you earn from night club gigs, mobile gigs, rentals etc.)
Posté Sat 20 Oct 07 @ 5:21 pm
DJ Marcel_1
In Canada any self-employed income MUST be declared on your taxes.
Over 30.000/year you MUST Register for G.S.T. number and charge/collect GST on your services. Under you don't have to.
Of course you may also claim expenses - with receipt, etc.
Vehicle expenes, rental of storage space, purchase equipment, capital loss (if you loose money over the year). All are eligable to claim.
Best Idea is to talk to a good accountant. Those annoying bean counters are worth they're weight in gold.
Unlike lawyers - They just suck.
Over 30.000/year you MUST Register for G.S.T. number and charge/collect GST on your services. Under you don't have to.
Of course you may also claim expenses - with receipt, etc.
Vehicle expenes, rental of storage space, purchase equipment, capital loss (if you loose money over the year). All are eligable to claim.
Best Idea is to talk to a good accountant. Those annoying bean counters are worth they're weight in gold.
Unlike lawyers - They just suck.
Posté Sat 20 Oct 07 @ 5:30 pm
Tear Em 'Up
SpeedDemond29 wrote :
Do you guys claim or have to claim your money on taxes?
I was told a few years ago by my accountant...and I quote "You can not continue to call this a hobby, its crossed that line, time to pay taxes on this income." Marcel is right, contact a good accountant.....
Posté Sat 20 Oct 07 @ 5:56 pm
sbangs
here in the uk you have to register A as a company or B as self employed
either way they get ur Monies :)
either way they get ur Monies :)
Posté Sat 20 Oct 07 @ 11:36 pm
DJ-ALF
In Serbia here you don't have to pay taxes (yet) but if you make a contract than you have to, guess it will be the same in the future like in EU.
Posté Mon 22 Oct 07 @ 10:43 pm