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Thread: whats tax refundable for webcamming work?

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    Default whats tax refundable for webcamming work?

    Hi I have a meeting with an accountant tomorrow and I am wondering well I feel abit embarressed about talking to an accountant as what I work as but sure can anyone give me advice on anything I should ask for? laptop, webcam , anything fun lol im in europe by the way

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    Default Re: whats tax refundable for webcamming work?

    for better or for worse, tax laws regarding acceptable business expense tax deductions vary from country to country. In the USA the purchase of a new laptop and camera would be deductible as a business expense based on the percentage of business use versus percentage of personal use.
    Last edited by Melonie; 03-12-2012 at 11:48 AM.

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    Default Re: whats tax refundable for webcamming work?

    I have my business buy me a laptop, an iPhone, a car and the company pays for my travel. It's all accounted for by the company and it's all expensed or depreciated, as appropriate, on the company tax return.

    HTH
    Z

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    Default Re: whats tax refundable for webcamming work?

    I am in the US and had the same questions. Are toys deductabile? Lubes? Lingerie?

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    Default Re: whats tax refundable for webcamming work?

    Also is a UPS Mail box deductabile? I use it for all my camming stuff

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    Default Re: whats tax refundable for webcamming work?

    Quote Originally Posted by sexywinter View Post
    I am in the US and had the same questions. Are toys deductabile? Lubes? Lingerie? ... Also is a UPS Mail box deductabile? I use it for all my camming stuff
    I would call them props and costumes and would deduct them. If you happen to like toys in private as well as on the cam. I'd have my own personal toys and not deduct them. Sort of like having a company car and another car available for personal transportation. A mailbox for business is certainly ordinary and necessary.

    HTH
    Z

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    Default Re: whats tax refundable for webcamming work?

    Hi would I be able to get a company car as tax deductable as well it will take me 3.5 house every month to drive up to my bank as its in the north of ireland?

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    Default Re: whats tax refundable for webcamming work?

    Quote Originally Posted by melissahornygirl View Post
    Hi would I be able to get a company car as tax deductable as well it will take me 3.5 house every month to drive up to my bank as its in the north of ireland?
    Irish tax question, I'm in the U.S. so no clue if that's deductible in Ireland. In the U.S. if your only business use of an auto was a 3.5 hour trip once a month, the whole car is not deductible. You'd be better off having the business reimburse you the standard mileage rate. That way the business could deduct what it paid you in standard mileage and you would not have to include that amount in income. However, let me re-emphasize, that is the U.S. answer, not the Irish one.

    Sorry I could not be of more help,

    Z

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    Default Re: whats tax refundable for webcamming work?

    hi its ok im just gonna like keep note of every millage i do business related lol, but thanks for the info im gonna go and get super motivated and start making some cash

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