What is Income when I’m a consultant?
Business Income is defined as any income which is realised as a result of business activity. In plain English, this...
Income
All money which you receive as a business is income, from fees to shop sales.
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Leaving Self Employment / Slimming World
It’s a factor of life that at some point, you’ll leave self employment – either through moving onto a new... -
Selling between colleagues (or other businesses)
Selling between colleagues If you bought something (e.g. visuals) and then sell them to a colleague at a later date,... -
Shop sales
Group Shop Sales Items which you sell in your group shop, such as books and motivational tools, should have the... -
Bonuses (Recruitment, Awards, etc)
If you receive a bonus (e.g. for recruitment purposes or if you are selected for an award), the amount you... -
Recruitment Bonus / Prizes
Occasionally, you may be eligible for a bonus or prize which is award by Slimming World directly to you. The... -
Sundries (Incomes and Expenses)
Sundries (where you receive income from Slimming World) is another form of income. However sundries may also be an expense... -
Group Cover (and Relief Groups)
Occasionally, you may need to take time away from your group and arrange for cover – or you may offer... -
Gift Vouchers / Countdown Vouchers
Introduction Gift Vouchers can appear as a complex process to manage for the purposes of your tax return. This is... -
Team Adverts
During promotional times, it may be more economical to ‘group together’ to create a team advertisement for larger impact. However...