Wether it be some money from eBay sales, a cheque from a local business you helped or affiliate commisions - do people get around to paying ALL your tax?
Not that I am not paying tax or anything, it's just that when you've just sold some ps2's on eBay and made a decent £300 profit, it takes a very honest person to inform the tax office. Furthermore, I am not even sure whether I need to pay tax for it. I have saved some money to be paid as tax but I am so temped to spend it.
I want to know, how people on WF organise themselves to be able to pay tax. Do you calculate and deduct as soon as you get your money?
Also do you need to keep a cash book like a small business owner?
I am really confused and I came to the assumption that no-one on WF cares about this because there arent many threads about it.
I would like to here from successful IMers who have been on the seen for a while and find out how they get around to organising themselves.