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Tips are an income therefore taxable.
If your house goes up in value by tens of thousands (as with many historically) and you become property rich,this is not income therefore not taxable...

As honest law abiding citizens we should declare every single penny we get in Tips to the Taxman and seeing as each and everyone of us in this trade does so willingly and openly this is not even an issue...we are just to damned honest for our own good. :lol:

do i have to note all tips as taxable income?

like i have to ask..... :lol:

do i have to note all tips as taxable income?

ask him about his book on how to be a courier i bet he is researching one for cab drivers

Author:	wannabeeahack [ Sat Sep 13, 2008 3:50 pm ]
Post subject:	tips
do i have to note all tips as taxable income? like i have to ask.....

Author:	Chester J.D. [ Sat Sep 13, 2008 4:18 pm ]
Post subject:
I am a miserable b*****d so never get any tips !!!!

Author:	Capt Taxi [ Sat Sep 13, 2008 6:24 pm ]
Post subject:
Tips are an income therefore taxable. If your house goes up in value by tens of thousands (as with many historically) and you become property rich,this is not income therefore not taxable...

Author:	wannabeeahack [ Sat Sep 13, 2008 6:51 pm ]
Post subject:
Capt Taxi wrote: Tips are an income therefore taxable. If your house goes up in value by tens of thousands (as with many historically) and you become property rich,this is not income therefore not taxable... so whats capital gains tax?

Author:	Capt Taxi [ Sat Sep 13, 2008 6:57 pm ]
Post subject:
Capital gains tax is on the sale of shares,second homes etc. You do not pay tax on any profit you make on your main home. Hence the property/home 'improvement' boom.

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Author:	bloodnock [ Sat Sep 13, 2008 8:37 pm ]
Post subject:	Re: tips
As honest law abiding citizens we should declare every single penny we get in Tips to the Taxman and seeing as each and everyone of us in this trade does so willingly and openly this is not even an issue...we are just to damned honest for our own good.

Author:	kermit2482 [ Sat Sep 13, 2008 9:01 pm ]
Post subject:	Re: tips
bloodnock wrote: As honest law abiding citizens we should declare every single penny we get in Tips to the Taxman and seeing as each and everyone of us in this trade does so willingly and openly this is not even an issue...we are just to damned honest for our own good. Honestly gov

Author:	Brummie Cabbie [ Sat Sep 13, 2008 9:08 pm ]
Post subject:	Re: tips
wannabeeahack wrote: do i have to note all tips as taxable income? like i have to ask..... Wannabeeahack ......... do you offer lessons on how to make a small post look big, or do you have a sticking space bar on your keyboard?

Author:	wannabeeahack [ Sun Sep 14, 2008 10:37 am ]
Post subject:
both

Author:	Sussex [ Sun Sep 14, 2008 6:16 pm ]
Post subject:	Re: tips
wannabeeahack wrote: do i have to note all tips as taxable income? Yes.

Author:	jogra4 [ Sun Sep 14, 2008 8:52 pm ]
Post subject:
ask him about his book on how to be a courier i bet he is researching one for cab drivers

Author:	wannabeeahack [ Sun Sep 14, 2008 9:15 pm ]
Post subject:
jogra4 wrote: ask him about his book on how to be a courier i bet he is researching one for cab drivers every hole a goal i always say john

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