View Full Version : How come ....

20-02-2008, 06:40 PM
I have been looking at all the threads on tax and most of you say to keep your earnings below 5.4k... i would have thought you would want to earn more than that...? i know you don't have to pay tax if you earn less than 5.4

20-02-2008, 06:58 PM
Hello I keep mine below as I only mind x2 children x1 full time and x1 part time but that's for my own sanity!! :laughing:


20-02-2008, 07:11 PM
I think it is more about keeping your profit under 5600 not your total income.

20-02-2008, 07:13 PM
I think it is more about keeping your profit under 5400 not your total income.

Yup....! :D

20-02-2008, 08:26 PM

You need to make sure your expenses are high :)

20-02-2008, 09:17 PM
They are high.....:thumbsup:

20-02-2008, 10:53 PM
Yes sky high in the holidays, taking 6 children and myself to the cinema today will go through the books.

Perhaps i should take them for two weeks in Orlando in the summer, that should see me running at a loss::laughing:

20-02-2008, 11:11 PM
I think it is more about keeping your profit under 5600 not your total income.

yep! agree I don't think it would be worth it otherwize:laughing:

21-02-2008, 09:11 PM
do any of u put your own child's expense's thru the books, such as yesterday i took me, him and a mindee bowling and i put all mine and her stuff thru but not his, even tho i prolly wouldnt have took him bowling if i wasnt minding, lol


21-02-2008, 09:20 PM
I dont Leanne. I dont think you are supposed to.

Annie x

21-02-2008, 09:22 PM
didnt think so,

just annoying when i had to book/pay in advance and figure out whose cost what


21-02-2008, 09:35 PM
I put the cost of Isabelle for things like outings to wacky etc... If I wasnt taking mindees then its an expense I wouldnt maybe otherwise incur so I see it as resonable to claim for her. But not for things like food I dont


Heaven Scent
22-02-2008, 12:18 AM
Its all a swizz. I think if your numbers are restricted by the age of your own children then I can't see why you can't claim expenses for them because you are effectively paying yourself to look after your own child by them taking up a place. This doesn't apply to me because mine are 10 & 12 so I can have full quota of children and therefore my earning power is higher than yours so I say go for it.