TAKING CASH PAYMENTS | AVOIDING TAX
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- Опубликовано: 17 сен 2024
- Yes, you read that correctly. Here is my advice to tradesmen or anyone who takes cash payments as income. It also applies to clients who are looking to pay tradesmen in cash.
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Getting paid under the table is the best
Im looking cash pay job. do you have work for.me mate🙂
I mean that's literally the cash job these vids are talking about, the gov't can find out apparently
Get your rent paid to you in cash. Really helps 😂
say that to the rich in politics and the corporations
U sooo right
True they open bank accounts in other countries to avoid paying tax
Yep. Even Trump doesn't pay taxes.
@@naturistfred he will now
The irs says the reason we pay taxes is for protection.. but from what?.. I didnt ask my government to invade other countries for their oil or opium so why should I pay taxes to support their corrupt ways? If i do something illegal I got to jail and im forced to pay fines and fee's, my government doesnt protect me and give me a free pass or pay my attorney fee's...so what the fuck kind of protection are they giving me?.. Am i paying for my constitutional rights? No, we pay taxes to fund our corrupt government...I may have this shit wrong but thats how it seems to me.
2 years later but 100% right dude
You're spot on chief. Don't fund the evil
Cash is the best of the best if you are smart with money. You want to be rich ? Don’t pay tax !!! don’t listen this guy. Don’t put money in the bank. Who knows ? Only God know you are doing great to support your family.
I say don't kiss the government's ass I do it all the time cash is King cash is King
if someone is doing cash jobs and not declaring the money as income, whats the best thing to do with that extra cash? just keep it out of the system somehow? buy gold and silver? if you keep it in cash it loses its purchasing power over time, or just put it in your bank account a little every week and hope no one notices, say you make $1,000 a week LEGIT but you make an extra $500 on the side cash jobs, what would be the smartest thing to do with that extra $500 a week? buy stocks? buy gold?
I only take cash,,,,,I will never pay taxes again in my life,I made my clients pay cash or find someone else......
whos this nerd?
Probably works for irs
Listen to his accent
“The difference between tyranny and democracy is very simple. When the government knows everything about you, that’s tyranny. When you know everything about your government, that’s democracy.” - Cristian Terheș
Simple solution: Don't put that money in your personal bank account.
Then to put where?
Why does everything in life always have to be taxed? No wonder this country is all screwed up
if someone is doing cash jobs and not declaring the money as income, whats the best thing to do with that extra cash? just keep it out of the system somehow? buy gold and silver? if you keep it in cash it loses its purchasing power over time, or just put it in your bank account a little every week and hope no one notices, say you make $1,000 a week LEGIT but you make an extra $500 on the side cash jobs, what would be the smartest thing to do with that extra $500 a week? buy stocks? buy gold?
I wouldnt buy stocks... maybe id go for some gold, silver, other precious metals, etc,. But real world things are more important. id for sure Invest extra money i have into other things that can bring value to someones life or something that can solve someones problem... whatever that looks like to you. Maybe invest in a garden and pay someone to take care of it then sell off the food you grow as organic to some people that are interested.
Maybe use upwork and pay someone to make some illustrations for a coloring book youd like to make and sell later on, online or make the book yourself at home and sell them to people in your area.
I hope i at least got your gears rolln cheers m8
@@petejames1326
The system is so corrupt it's a disgrace this guy hasn't got a clue about the real world,people do what they have to do to survive in this life wake up boy.
I make me cash anyway I can mate. Claimed or unclaimed.
Me looking for a video about getting paid only in cash 🙄🙄🙄
I know what an English fruitcake asshole but his warning is valid
Why would you declare it if they have no way of knowing you made the money? If it was an employer or a credit card then that can be tracked and reported, but cash? Lol
Because when you work in the business of life safety where you work could kill someone, there needs to be an audit trail. Clients often not understand this but by doing so are risking themselves and using those who have no traceability.
@@DanstheEngineer Obits please
Thus geezer evidently didn't read Rich Dad Poor Dad haha
He’s like a dog what a good boy declare your tax whilst we live nice and don’t put it In our bank accounts 🤣🤣
Says its legal, but you gotta declare it. Then says its illegal, completely stay away from it. Which one is it
Your salary isn't accessible to credit reference agencies, your salary doesn't affect your credit score/rating.
They can limited companies!
Alvin Ashman what I'm referring to is company income. If your balance sheet is paying a lot out and not receiving much, it effects your company credit rating.
@@DanstheEngineer you know your English fruitcake you imply otherwise nice try your ass ain't talkin away all this shit
Love a bit of cash in hand me!
What are the benefits of paying employees cash versus paying them as a contractor 1099? Because I need a firm reasoning to tell my employer why it is in their best interest to to hire people as contractors rather than paying cash and they don't care if they might get caught for the illegal aspect. They need to see if it will affect their tax breaks or help their assets value
How do DJs claim taxes when being paid cash?
Pay cash for house and car as well
First off all a warenty is not avected by cash payments, secondly you DO NOT have to declare anything to the tax office under a serton amount as you can earn a serton amount before you have to pay tax, but when the tax man pay you a visit to go through your books you have to account for the extras and as well as what you pay out for out side of your business. The odd cash job is OK so long as you can AC count for it.
You have to declare your earnings regardless of the amount and whether it is under the threshold to pay tax. There is also a list of 'income' you have to declare outside of your normal income. The gov.uk website explains more www.gov.uk/check-additional-income-tax
Certain
U can pay tax but I'm still gonna keep every penny i earn
Wow, this guy is either lying really badly or he doesn't know shit.
what happens when you have a power cut?
Majority of the planet use cash
They all do it F the government.
That being said I always pay taxes 😭.
If you can get away with it more power to you.
No necessarily i had a friend where his dad owned a contracting place and my friend worked for him...he didn't pay him in cash but he did pay his rent and utilities so it doesn't necessarily have to be cash....you just gotta learn to play the system I mean at the end of the day that pay check is going towards rent and bills any way🤷🤷😂😂😂 😉😉😉😉😉
Ur so clear here
if you can avoid paying tax..avoid paying tax! forget what this guy is talking about
Not paying taxes is how Al Capone went to prison...look it up...
It was getting near time for his wages! It was probably the look of anticipation 😤😤😤
Good video, my friend years ago used to get paid cash in hand from his boss. It was just a little low paid job he had when we were teenagers.
I can't understand how it benefits the employer paying someone cash in hand tho, surly it would benefit the employer to show he's paying out more and making less profit. Otherwise when the employer pays his tax, it looks like he's made more than he really has. Maybe they were laundering drug money or something. What do you think? Thanks 👍
C U Next Tuesday
what a load of rubish
I have a dump truck job I got offered and it pays cash, it’s a 1099 job I believe, would I have to pay taces
Yes
He definitely took the cov jab
I pay cash I receive cash
Ding ding ding it only works if your company isn't a real company and taxes don't have to be filed on it. So it more like a full time side hustle. You will need an actual job to clean your money to pay for bills.
What happens if you own a rental company and you have it as a private business. Do u still have to pay tax and also uni debt which u was meant to pay back from your monthly wages?
For example not even a rental business but you own like a 6 bedroom mansion freehold fully paid off no mortgage and they pay u in cash. What happens then? Because that is my plan to invest into that, in the future and have another side job which is declared where I do pay taxes from that but would I get In trouble for that?
Is my boss breaking the law by paying me a cash in hand some on top of my wages wich I dont receive a pay slip or receipt for
What type of work u do? I need a job like that
@@artofmajic I've left there now mate
@@thecarpfather5757 well what was it?
@@artofmajic I worked as a car detailer for a car Tuning company
@@thecarpfather5757 most likely...
HAHAHAHAHAHA comedy video I am happy I no longer live in England
Thank you for your help by telling the truth.
Tax may take a chunk of your wages but if you qualify for tax payments always pay your tax, it's not worth getting on the wrong side of the law, it's all good until it's all bad, I have suspicions of businesses in my town that pay cash in hand and don't require their workers to pay tax and it's ridiculous, imagine the trouble you could get into, not only that, you're draining your country, you're part of your NHS collapsing, it's not in ANY way worth it for an extra few pound per month
Excuse me it's half paycheck
@@sitdowndogbreath yeah, solid $200 out my fucking paycheck. That's a whole day + 1hr for mr.
See good Mate your u ok mate
Never avoid tax.
Bro be quiet stop youtube