Professional Services

Professional Services

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I have recently acquired a lady client who has "diversified" into providing professional "escorting and companionship" services. I have thought laterally about allowable expenses, but would appreciate any serious comments from anyone with experience of acting for clients in this field.HMRC attitudes especially. Thanks
Tony Turner

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By AnonymousUser
21st Sep 2006 16:43

Naive?
Suggest you carefully check out your client's website to clarify what services are offered. Not wanting to pre-judge your client but most "escorts" are thinly veiled covers for prostitution ... taxable but not legal!

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By tonyturner
21st Sep 2006 19:41

not naive
Thanks Steven - just thought it indelicate to mention the word - just old fashioned maybe. But I think you'll find it IS legal - it's the many "activities" which tend to surround the profession that are illegal. More interested in the practicalities of expenses allowed.

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By AnonymousUser
21st Sep 2006 17:02

In reply
Hi Tony

We have experience in this field as accountants.

I could post a full novel of the issues at play but could not do it justice due to not wanting to offend other readers of this site by explicit comment.

You could always give me a call on 01709 528400 and I will glady chat with you about it.

Regards
Neil

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By AnonymousUser
22nd Sep 2006 10:40

expenses
Would hair, makeup and clothes expenses be allowable? I know there is a concession for this for actresses.

Just a thought.

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By AnonymousUser
24th Sep 2006 12:16

Good for your client.
The problem with this field is that because it has an illegal element to it, many people are afraid to step up to the plate and pay their taxes - after all, under Money Laundering Regs, we have to report any illegal activities our clients get up to.

We should not discourage people in grey-market professions to legally declare their taxable income; it's the right thing to do and outweighs any social/moral distaste with how they earn their living.

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