Cover Artists Declaring Income? Revenue?

raindog.promo wrote: »

Hey Mods.

Is there any chance any threads that come up that turn into a good read could be listed in the resources thread?

For instance the thread linked to in this post:
http://www.boards.ie/vbulletin/showthread.php?t=2056420446

Could be put in the resources under INCOME ISSUES or something similar.
BAND ETIQUETTE Could be another heading and so on.

Perhaps not in the resources but in another sticky covering the issues that have been discussed. So the first post could be an index of the issues covered with a seperate post for each issue showing links to the individual threads.

I hope that comes across on screen as it appears in my head

The above is a good idea alright. However, it would be just as easy if people did a quick search before posting. They may get a lot of answers/information a lot quicker that way. All I did was key in "Revenue" into the search function, and it threw up a few threads, including the one I linked to the OP.

What could be easier ?

Rigsby wrote: »

What could be easier ?

Having a list of all the good topics that have been covered. Such that when searching the list to see if something you're interested in is there, you see another topic which interests you also and further explore that.

(That's not meant as a smart arse answer btw, doing a search is well and good but this would sort the wheat from the chaff. For instance I looked up poster distribution and had to go through threads speaking about poster design, poster printing, and threads referring to people as "posters", so there was a lot of off-topic threads to sort through first.)

Have had the pleasure of being on the wrong side of the revenue, was lucky that it was not very important and didnt have to pay a fine because there was no evedience of any payment to the band. You might have to be concerned about the cheques from your promoters and if your on social benfits that could be difficult.

We did get registared after, its the only way a band is going to get on now as all pubs want to claim the VAT.

If you already have a letter from them just go to a decent accountant (not a dodgy one cause they know who they are) and he will sort it all out. ~If you have not had a letter yet dont be worrying about it as there is nothing you can do now anyway!

Something i have notice lately, by the way, we play in a lot of the decent music venues around the country and most have rang to ask if we are registared and want a reciept (printed not written) on the night! Noreciept no money!

Go get a VAT no. its not that hard, keep all your reciepts, employ and accountant for a few hours at the end of the year, most of what you owe the revenue will be written off against your expenses anyway, then you can advertise all you like and not have to always be looking over your shoulder for the next rat who is likely to report you anyway. And you will be doing your little part for your country as well!:D

Denalihighway wrote: »

does anyone know what the procedure is regarding setting up as self-employed if you also have a PAYE part-time job?

I'm sure many would be in the situation that the have a job and music as a sideline but have put considerable investment into it and hope to make a few quid as a result.

can you have both? and then perhaps the capital allowances and expenses incurred through music can be taken of the your PAYE tax bill via reimbursement?

Very straight forward. Just go into your local tax office and they'll sort it out for you. Not sure if you can use capital allowances or expenses to reduce your PAYE tax bill though. However you do get a PAYE tax credit on top of your personal credit, which people who are only self-employed are not entitled to.