Director / Employee Awards

[SueEllen]

Considering my joke of a course (according to NorthernGrump) got a rate rise of £100/day & I can give myself a tax free bonus I think I am!

And?

Part and parcel of the working world today is continuous re-skilling whether that's by taking courses or reading books.

The only friends and family of mine who don't have to re-skill are retired, have dementia or dead, and even the retired ones don't sit on their asses.

Clearly its been a learning curve on the accounts but hey what business does'nt make mistakes - so long as they are corrected - I have nothing to hide!

That's why an accountant, who knows what they are doing plus applicable loopholes so if HMRC start looking at your accounts a few years down the line they don't find questionable things, is useful.

[northernladuk]

Considering my joke of a course (according to NorthernGrump) got a rate rise of £100/day & I can give myself a tax free bonus I think I am!

Clearly its been a learning curve on the accounts but hey what business does'nt make mistakes - so long as they are corrected - I have nothing to hide!

There are mistakes and there is not showing a responsibility of care to your accounts. Ignorance and 'oops it was a mistake' are not defenses in investigations or court. You, and you alone are legally responsible for your finances even if you do have an accountant... That 'Ooops' can end up costing your house and company in the worst case. An expensive tax bill and fine in most normal cases. HMRC inspectors are NOT nice people.

You have totally the wrong view of HMRC. You talk about what you think you deserve. It doesn't work like that. You have to understand HMRC and their rules. It matter squat what you think. Even common sense doesn't work with HMRC let alone this load of pap.

I am serious when I say to you get an accountant. You cannot run a company on free advice when you clearly don't know what you are doing. It will cost you a lot more than you can pay in the long run...

As Malvolio quite rightly points out... A good accountant will pay for themselves many times over when starting out.

You are thrashing a dead horse with this one and you need to drop it and move on. That accountant may however be able to show you many other ways you can legitimately save tax to the same amounts you are talking and more.

Just for clarity as well.. I didn't say the course you did was a joke, the fact you think a couple of grand tax free is a measured reward for passing a C&G is.