Friday, 26 July 2013

12 months, 1 graph

I worked out my tax today. It's something I had to get done before the end of the month in order to claim working tax credit.

I added up the monthly columns of money earned and put them into a graph.

The low point in April 2012 is partly due to the tax year running from the 6th April. The high figure in July 2012 was caused by several people paying for a lot of lessons up front. The dip in income during August and September is also a result of this. The dip in December is normal and perennial.

And as you can see, come the new year, things started picking up nicely. I stopped at 5th April 2013, but I'd imagine that when I do come to tabulate this part of my diary, it will continue to rise still further, then plateau at perhaps £3,000 a month. This figure takes no account of outgoings.

driving lessons in North Wirral? learn to drive in Hoylake? driving instructor in Birkenhead?

1 comment:

Pete said...

Technically this is a chart of cash receipts rather than a chart of "money earned". A fundamental tenet of accounting is that profit should be attributed to the period in which it is earned. This is often not when payment is received. This may come across as highly pedantic but it is important. You may even be causing yourself to receive less in tax credit than you are rightfully due. Just saying, like.