May you earn £10 a day thread!

[Otterses]

Hello veterans and newbies can't believe we're still going a quarter of the way through the year!

I don't know about everyone else, but I've been crap at tracking properly. Obviously I've got invoices to go off, but I'm going to try to be better this month.

Good start this morning! £28 (£18 less my £10 deposit) on a virgin bonanza box, £8 cashback on the virgin deal too. £10.61 Appen work already done today. I most likely won't do any Crisp today, as I've got an essay due Friday I need to crack on with.

£36.31 so far this month.

How's everyone else ticking along?

Thanks that’s very helpful. So I could work out the cost of my internet service for the hour I work each day and put that as an expense?

Normally at the end of the month with your bill you could say 20% is business use. 80% personal. 20% of the cost could be used to deduct against your income. As long as you keep a record so they know you don't just pluck a figure from the sky.

@Mamaslave18 if you look up simplified expenses the government set a flat rate allowance for the costs of working from home - how much you can claim depends on how many hours you do each month. That would be applicable for Appen and surveys.

All my accounting is really simple, I use the cas in cash out option and then simplified expenses to cover costs of working from home. Plus I also add expenses for petrol etc as I do mystery shopping occasionally.

www.gov.uk/simpler-income-tax-simplified-expenses/working-from-home

Oo tax. I earn under 12500 so don't pay tax. Am I right in thinking I just fill in a tax return at the end of the year for self employed? This is what I usef to do, but I have been out of the country for a bit and perhaps it has changed.

Crispers - how long does it normally take for work done to show up on klipfolio?

@margaritasbythesea you will still need to do one but the tax liability will be 0. That's if your other income is about 1000 that is

Hello all, mind if I join?

I'm starting matched betting this week and applying to Lionbridge today.

I also signed up for Palfish as I have a TEFL certificate but it's been slow going so far.

Any other hints and tips for home based earning?

Moofreemum1 Many thanks. That's reassuring.

Took the crisp test on Sunday, and just heard back today I passed! Just waiting for all the log in info to come through. 😁

Just out of curiosity - people that have been doing it a while, how many hours are you doing in a week and what's your average earn from it it?

Do Crisp pay through PAYE? Do you get payslips with income tax and NI deductions?

@allworthwhile no. You're a contractor if you work for them. You need to register as self employed

Hmm, just been having a read on HRMC and it says you are self employed if you "run their business for themselves and take responsibility for its success or failure."

This doesn't seem to be the case for Crisp? I'll keep searching

The HMRC website is also talking about naming your business and paying NI on your "profits" once you self up as self employed, which doesn't seem right?

I've earned £89 on crisp in just a few days from logging on here and there when the baby napped

@justtheonethen that's great going, I'm on £79 and have been a bit lax again Until I started doing these online jobs I didn't realise how much time I waste just bumbling around during the day! lol

Actually on £99! There is obviously a bit of a lag. Hurrah!

The tax issues is why I've focused on Matched Betting - anyone who is finding offers drying up needs to get on

• team profit
• team profit fb group
• oddsmonkey

As they have lists of daily offers !

I've done fairly well on respondent but not much going on there at the moment .

Seems like the moderation is going well ! X

So for those on Crisp are you putting aside about 25% of your earnings to pay for tax and NI next April?

@allworthwhile I won't bother as I doubt I'll make £12,500!

No, i won't earn enough either

@justtheonethen @reddA

The £12,500 limit is if you’re paid as an employee through PAYE.

I rang HMRC today. They said that for Crisp it would be having to register as self employed and then doing a self assessment.

She ran some figures and on a yearly income of £2,000 there would be no tax to pay but about £183 of national insurance. That’s because self employed individuals have different NI bands than people paid as employees through PAYE.

So - yes - even if you only earn £100 a month then you do need to declare this and you will pay some NI on it.

@allworthwhile I am not sure she gave you the correct info about NI - you can pay it voluntarily to protect state pensions etc I think but I have never paid NI on my self employed earnings and I do a self assessment every year. This is because up till you earn a certain threshold which rises each year, you are exempt www.gov.uk/self-employed-national-insurance-rates according to this you only pay when you earn over £6365 from self employment so I am not sure how they reached that figure on £2000 earnings.

Self assessment does all the calculations for you as you go through and it has never told me I have to pay NI and my yearly totals have been between £400 and £3500 over the year.

You have the same personal tax allowance if you're self employed. You will need to pay NI though.

I earned £8k last year and paid no tax.

I do a self assessment each year. I just meant I wouldn't bother saving 25% as I'll just pay the NI sum when it comes.

Sorry- you don't need to pay NI up to a certain amount, but I do voluntarily as it counts towards pension etc.