Expenses and being self-employed as a Webcam Model

[3CA]

Do other cam girls always use accountants to do their tax return and expenses? I have always done my own, as I know what I am doing.... I do hope having an accountant isn't an actual requirement!

Hey chick,

Personally the only reason I have got an accountant is I really don't want to mess my Taxes up as it can get you into a lot of trouble if you don't provide accurate information also it just takes that added stress of doing it all yourself and you can kind of sit back and relax knowing it's in a professionals hands.

If you are going to be hitting the 40% tax threshold you'd have to get an accountant as you may have to set up as a limited company and the taxes become a lot more complicated and the work load is a lot more work too plus you need to have a certain data base too (this is only through my research so please don't quote me)

However you just do what you feel more comfortable with and if you like to do your own paper work and taxes than you do that, just because majority of girls use Accountants don't feel you have to, just because they are.

I hope this has helped you, if you have any questions just PM and I'm happy to help you out the best I can.

Brook x

I have to agree with you Brook.

Your comment about 40% tax is especially valid. It's fair to say that unless you're an accountant, dealing with the accounts, tax and company law procedures for a limited company is beyond the average taxpayer. HMRC delight in finding the one tiny mistake that renders a tax saving device ineffective.

My advice, not surprisingly, would be to find a good accountant (see above). The savings will far outweigh the costs.