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I admire your optimistic outlook :) Like I've said, it's not whether it is a business, it's whether it looks like a business that will attract tax inspectors.
by austinjp 11y ago
I admire your optimistic outlook :)
Like I've said, it's not whether it is a business, it's whether it looks like a business that will attract tax inspectors.
A tax inspection is not trivial. If you come out clean, congratulations. But if you don't relish the prospect of the tax inspector saying to you "Okay show me your accounts plus invoices and receipts for everything for the past 5 years", followed by several weeks of accoutancy grind-work, then it's wise to be prepared in advance.
Cars on the front lawn and a sign in your window are definitely reasons that the council (not the law) may visit you.
Okay -- I'm done with this. I've said my piece :) In summary:
1. Good luck Hoffice! Looks great.
2. Hoffice and hosts, understand your responsibilities regarding tax and insurance.
3. Tax inspectors and council inspectors are real, and they knock on doors of people like you and me every day.
4. You should try to predict tax/legal liabilities beforehand.
5. Saying you're legit doesn't prove it. Proving it does :) And that can be a real headache.
Edit: typo and formatting.
- ccozan 11y agoWell, I am an optimistic person :). Summarizing, I see this problems with Hoffice: 1. Zoning problem, ie. legality of work-from-home. 2. Tax and liability of the host/guest - who is making an income or profit here? 3. Is this a business or not? On the whole, this idea is quite not regulated and might be that everything is on fringe of law or in a gray area. On the same time, indeed, wish good luck to Hoffice. I hope the have attraction and this might be more common than we think.