Wiggyflat Posted January 23, 2015 Posted January 23, 2015 Choked on my shreddies when I read this.What happened to there's 20 quid for petrol. https://www.dailymail.co.uk/news/article-2922160/Benefits-cheat-spared-jail-despite-swindling-taxpayers-30-000-secretly-working-nightclub-DJ.html
Popular Post Pete S Posted January 23, 2015 Popular Post Posted January 23, 2015 entertaining at trendy Northern Soul nights 6
Steve G Posted January 23, 2015 Posted January 23, 2015 WTF ….what about The Stokies what do they know of this guy?
Lionelonthevinyl Posted January 23, 2015 Posted January 23, 2015 See why everyone wants to dj at the Kings Hall......they pay big money in Stoke!....Rob
Zed1 Posted January 23, 2015 Posted January 23, 2015 (edited) In the past we used to be scared of a visit from the Drug Squad - now it's the Benefits squad... Edited January 23, 2015 by Zed1 2
Bo Diddley Posted January 23, 2015 Posted January 23, 2015 Picture the scene at an Allnighter, verbal commences .... "Alright mate, having a good night" "Yep, brilliant" "Where your from?" "There's a load of us come up from Stoke" "What you on then?" "Oh. Income Support and Council Tax Benefit - " 3
Wiggyflat Posted January 23, 2015 Author Posted January 23, 2015 I wonder if he was worried about the Soul Police snooping at his labels too much when really it could have been the Benefits Police..remember a pseudonymn Twink,Frank,Soul Sam,Poke,Soul Twins etc etc.
Crumb Posted January 23, 2015 Posted January 23, 2015 WTF ….what about The Stokies what do they know of this guy? He's a member on here.
Bo Diddley Posted January 24, 2015 Posted January 24, 2015 He's a member on here. Just noticed that. Say's in the newspaper there was a "tip-off".
Guest Soultown andy Posted January 24, 2015 Posted January 24, 2015 See why everyone wants to dj at the Kings Hall......they pay big money in Stoke!....Rob the promoter makes big money,you mean lol.
Guest Soultown andy Posted January 24, 2015 Posted January 24, 2015 WTF ….what about The Stokies what do they know of this guy? well know to many of us,interesting character if you get my drift.
Rick Smith Posted February 2, 2015 Posted February 2, 2015 Just as a matter of interest, can professional DJ's claim the cost of buying records as a tax deductible expense? Just curious. 1
Hooker1951 Posted February 2, 2015 Posted February 2, 2015 Just as a matter of interest, can professional DJ's claim the cost of buying records as a tax deductible expense? Just curious. They could claim it but I doubt if they'd get it. Keep on trucking. mick L
Mark R Posted February 2, 2015 Posted February 2, 2015 Just as a matter of interest, can professional DJ's claim the cost of buying records as a tax deductible expense? Just curious. I would say, very much yes............why not? Cheers, Mark R
Zed1 Posted February 2, 2015 Posted February 2, 2015 (edited) Just as a matter of interest, can professional DJ's claim the cost of buying records as a tax deductible expense? Just curious. Of course!. You can't do a job without the 'Tools', just like a Tradesman. Your problem comes when you want to sell the record that you've claimed tax relief on. Edited February 2, 2015 by Zed1
Guest Posted February 2, 2015 Posted February 2, 2015 Just as a matter of interest, can professional DJ's claim the cost of buying records as a tax deductible expense? Just curious. Absolutely!.....tools of the trade just like any other profession.
Rick Smith Posted February 2, 2015 Posted February 2, 2015 Wonder if I could get a gig once a month and claim a shit load of record purchases. Could end up with a rebate and let the tax man buy me a new collection. If only.
Guest Mart B Posted February 2, 2015 Posted February 2, 2015 Benefit cheats should be gaoled most folk work their arses off to earn a crust.
Guest Garry Huxley Posted February 5, 2015 Posted February 5, 2015 Just as a matter of interest, can professional DJ's claim the cost of buying records as a tax deductible expense? Just curious. Just the vat paid if he has paid it
Frankie M Posted February 5, 2015 Posted February 5, 2015 The next new member will be "HMRCSOUL BOY " , checking on all of us , certainly would think of turninga punter away if they turned up with one of those satchel things and a sheaf of papers 1
Labeat Posted February 5, 2015 Posted February 5, 2015 What i'd like to know is does he pay back the full 30k, asset seizure or what ?
Dean Rudland Posted February 6, 2015 Posted February 6, 2015 I know that in the 90s when I was working at Acid Jazz, our accountant warned us that their was an HMRC unit - based in Watford - that kept an eye on the music world. The looked at adverts in the papers, noted down names and would investigate if they thought people were avoiding their tax. Whether they still exist, I don't know.
Mellorful Posted February 6, 2015 Posted February 6, 2015 Very few will make a profit out of DJing on the NS scene given the cost of buying OVO, in the circumstances it is probably worth writing to HMRC and explaining this and state you would suggest it be treated as a hobby with no profit and no loss. Detail the last few months record purchases and the income received, the former heavily outweighing the latter. If they wish formal accounts then you will be submitting a large loss relief claim. That way you have been upfront with the authorities and if they want to push matters they are gonna be issuing refunds. Personally I won't take payment and leave the money with the promoter to donate to a charity of his choice. Atb Stu
Drewtg Posted February 6, 2015 Posted February 6, 2015 Absolutely!.....tools of the trade just like any other profession. This is really interesting. One would assume that, as a capital purchase, the records would be a depreciating asset on your books. The longer you hold on to them the less they are worth. If you then sold them for let's say the same price you paid for them, would it be a capital gain against the value on your books? Any accountants out there?
Pete Eccles Posted February 6, 2015 Posted February 6, 2015 Always baffled me this, offsetting the cost of records against the fee for playing them, Aren't DJs invited to play their records because they already have them, and if the DJ wants to add to his/her collection along the way then that's up to them? They can always be sold on again, often (but not always) for a profit,
Roger Williams Posted February 6, 2015 Posted February 6, 2015 Choked on my shreddies when I read this. Why are you eating your underpants? 2
Steve G Posted February 6, 2015 Posted February 6, 2015 Always baffled me this, offsetting the cost of records against the fee for playing them, Aren't DJs invited to play their records because they already have them, and if the DJ wants to add to his/her collection along the way then that's up to them? They can always be sold on again, often (but not always) for a profit, Depends on what scene you are on I guess. NS, you could make a profit (Eddie Parker etc)….sure. Modern soul, take your CDs and 12s to a shop and you'll get feck all for em….
Pete Eccles Posted February 6, 2015 Posted February 6, 2015 Depends on what scene you are on I guess. NS, you could make a profit (Eddie Parker etc)….sure. Modern soul, take your CDs and 12s to a shop and you'll get feck all for em…. The header says 'Northern soul Deejay Pay', By profit I didn't mean necessarily in the Eddie Parker bracket, I reckon Northern Soul records in general are worth more today than anytime previously, My main point though was, regardless of the profit of selling on the vinyl, the cost of records should not be factored into a DJ fee, 1
John Reed Posted February 6, 2015 Posted February 6, 2015 (edited) This is really interesting. One would assume that, as a capital purchase, the records would be a depreciating asset on your books. The longer you hold on to them the less they are worth. If you then sold them for let's say the same price you paid for them, would it be a capital gain against the value on your books? Any accountants out there? That only works with Fixed Assets. I would expect that records/CD's would be classed as Inventory Assets as they will have a "cash value" (can be sold within a year, for however large or small it may be). From an accounting perspective they'd probably classified something like "available for sale", so wouldn’t have depreciation amortization overlay applied to them. Edited February 6, 2015 by John Reed 1
Mark R Posted February 8, 2015 Posted February 8, 2015 I guess this is why there are no professional DJ's on the Northern scene......kind of doesn't work if the tools of the trade cost more than your potential earnings! ! Cheers, Mark R 1
Davenpete Posted February 8, 2015 Posted February 8, 2015 Always baffled me this, offsetting the cost of records against the fee for playing them, Aren't DJs invited to play their records because they already have them, and if the DJ wants to add to his/her collection along the way then that's up to them? They can always be sold on again, often (but not always) for a profit, Remember back when I was at art college and Paul Madden had a stall in the covered market in Hull that he had dreadful problems with the taxman trying to differentiate between personal collection sales and 'record dealing'. Dx
Popular Post Mark R Posted February 8, 2015 Popular Post Posted February 8, 2015 Depends on what scene you are on I guess. NS, you could make a profit (Eddie Parker etc)….sure. Modern soul, take your CDs and 12s to a shop and you'll get feck all for em…. But read the multitude of threads on here Steve, where people state that when they bought EP etc for a pound at Wigan they never realised what they'd be worth now......and the "if only we knew....." I was talking to a well known record dealer/seller at Bully's party and he said the thing that's really rare now/future are actually the indie CD's etc......it's just whether there is any market for them. Odd items are fetching money......William Mininfield £100 anyone. You just never know, but it's fair to say that music should be bought because you like it, not as an investment. Stick to that mantra and you'll never be disappointed!! Cheers, Mark R 4
Steve G Posted February 8, 2015 Posted February 8, 2015 But read the multitude of threads on here Steve, where people state that when they bought EP etc for a pound at Wigan they never realised what they'd be worth now......and the "if only we knew....." I was talking to a well known record dealer/seller at Bully's party and he said the thing that's really rare now/future are actually the indie CD's etc......it's just whether there is any market for them. Odd items are fetching money......William Mininfield £100 anyone. You just never know, but it's fair to say that music should be bought because you like it, not as an investment. Stick to that mantra and you'll never be disappointed!! Cheers, Mark R Yes agree with all of that, someone has to want them….. if you've got a desire to hear new music, you'll just keep buying. Bully's party, when was that? 1
Mark R Posted February 8, 2015 Posted February 8, 2015 Yes agree with all of that, someone has to want them….. if you've got a desire to hear new music, you'll just keep buying. Bully's party, when was that? Two weeks ago mate. Cheers, Mark R 1
Guest Posted February 15, 2015 Posted February 15, 2015 well know to many of us,interesting character if you get my drift. No I don't andy what's your drift??
Guest Soultown andy Posted February 16, 2015 Posted February 16, 2015 No I don't andy what's your drift?? id say with all thats gone on recently around you ,you and most others would know exactly what my drift was .
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