New to camming, do I need to pay income tax?

2323tiffany
Posts: 1
Joined: Tue Jan 05, 2021 6:35 pm

New to camming, do I need to pay income tax?

Unread post by 2323tiffany »

Hey guys
I am new to camming a month in and have to say I didn’t really think about the tax side of things as I didn’t think I’d earn this much but now it’s becoming a worry!

I work full time so pay tax there and just do this on the side, I’ve never been self employed before so can someone please point me in the right direction.

What form do I fill out?
What figures do I put down on it, my credits or the final amount from Colin? Also is this monthly, weekly or how frequently?
Do I say I do webcam work, sex work? Could anybody find out from this or will it still be kept private from my future employers?
Also I saw something about a tax return on business expenses like sex toys etc, and adult work fees? What adult work fees and How do I go about this?

Extremely grateful if anybody could help me out!

Thank you

Tiff x

admin
Site Admin
Posts: 3629
Joined: Fri Mar 09, 2012 10:36 pm

Re: New to camming, do I need to pay income tax?

Unread post by admin »

Hi, you base your gross income on the value that enters your bank account.

The recommended accountants are:

Donna Auld MIATI
Client Manager
Gillespie Accountants
Units 55 &57 Mallusk Enterprise Park
2 Mallusk Drive
Newtownabbey
BT36 4GN

Tel: 028 90 71 1200
Email. donna@gillespie-accountants.com

They already work with webcammers and you are safe to freely talk with them about any queries.

They also have the best rate you will find for an accountant.
Landline - 02080508019 12midday - 2pm Mon - Fri - feel free to call us.

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