Photography part time
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07-07-12, 06:22 PM
Join Date: May 2012
Greenwing. I own currently 3 businesses and submit returns all at the same time. One of my businesses last year only had profit of £4k ish. Although the other one (only had 2 at this time) was in far more profit than the threshold, my income tax on the £4k business came back as nothing owed.
Im no expert and advice from the official channel is far better plus it maybe different for the employed wishing to stay employed and to "moon light". However I do speak from recent experience with my companies and my tax bills.
It does where it makes no never mind.
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