- Reaction score
- 5,173
way to look at it is this. out of say £100 job you dont really make the £100 as if you put it through the books and take off taxe, expenses etc you might be left with say £65.00. so saved £35.00 a cash job unless you have no materials and were not working anyway is really only bringing in £35 gain. longer term those £35 bits add up and a few grand a year can have a big impact on mortgages and lending etc... I put it through the books now as my accountant can find ways to reduce my taxes in a legit manner. there is as others said no need or real benefit to doing undeclared cash jobs.