Originally posted by PCTNN
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Originally posted by Old Greg View PostDo **** off, if you're going to be a dick when someone's in real financial difficulties during a global pandemic.
He accumulated a fair bit of debt and burned through his war chest in a relatively short period of time in which he decided not to work.
Should we just give him a pat on the back and say it's all going to be alright?
Sorry but there's people with real problems out there.Leave a comment:
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Originally posted by PCTNN View PostEarlier you wrote that you've been on the bench several months "by choice" and you only blame the government?
Start blaming yourself as well for deciding not to work when you could have.Leave a comment:
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Originally posted by PCTNN View PostEarlier you wrote that you've been on the bench several months "by choice" and you only blame the government?
Start blaming yourself as well for deciding not to work when you could have.Leave a comment:
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Originally posted by Old Greg View PostPossibly better off working PAYE via a brolly, paying the director's loan off and letting the business fold.Leave a comment:
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Originally posted by oliverson View PostI can see why people might take that approach but part of me says why the **** should I sell a property just because the government has ****ed me over. The place abroad is my pension. Suppose the reality is that if it becomes impossible to conduct business here in the UK as a contractor as I always have done, then why continue living here? Depending on Brexit, maybe Europe would be a better option.
Start blaming yourself as well for deciding not to work when you could have.Leave a comment:
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Originally posted by jayn200 View PostYeah running away is an option. I do mean that seriously. If you don't have any strong ties to the UK and know you don't want to come back.
What do you bill at? at 500 a day you could clear all of your problems in 4 months. i know the hard part is even getting a contract but you said in your first post it will take years to clear this debt, it really won't unless you are contracting at 200 a day but the fact you got a BBL at 30k means you should be billing 500 a day at least maybe more.Leave a comment:
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Originally posted by jayn200 View PostYeah running away is an option. I do mean that seriously. If you don't have any strong ties to the UK and know you don't want to come back.
What do you bill at? at 500 a day you could clear all of your problems in 4 months. i know the hard part is even getting a contract but you said in your first post it will take years to clear this debt, it really won't unless you are contracting at 200 a day but the fact you got a BBL at 30k means you should be billing 500 a day at least maybe more.Leave a comment:
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Originally posted by oliverson View PostI can see why people might take that approach but part of me says why the **** should I sell a property just because the government has ****ed me over. The place abroad is my pension. Suppose the reality is that if it becomes impossible to conduct business here in the UK as a contractor as I always have done, then why continue living here? Depending on Brexit, maybe Europe would be a better option.
What do you bill at? at 500 a day you could clear all of your problems in 4 months. i know the hard part is even getting a contract but you said in your first post it will take years to clear this debt, it really won't unless you are contracting at 200 a day but the fact you got a BBL at 30k means you should be billing 500 a day at least maybe more.Leave a comment:
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Originally posted by oliverson View PostThere's something in the term 'bounce back loan'. A loan that enables a company to bounce back from the impact of coronavirus.
I doubt many directors are in good financial control of a company right now, especially contractors. The government effectively killed them dead with IR35 and then the pandemic nailed the coffin lid shut. Sure, there are those lucky ones that haven't been impacted yet. Good for them but let's not pretend there is negligence on the side of those like myself. As for paying myself from the loan, I'll do whatever it takes to survive this, just like I did the last crisis. If that means spending the CT and VAT as well, so be it. All it takes is one contract and it's the flick of a switch. c. £ 17k a month back into the account each and every month enables recovery.Leave a comment:
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