Originally posted by AtW
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Petition to get the gov to reconsider the dividend tax changes
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Ticking a box and having different tax structures based on that tick-box are quite different legally.Leave a comment:
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Originally posted by d000hg View PostBecause that isn't something that legally exists yet?Leave a comment:
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Originally posted by AtW View PostWhy could not they limit dividend tax to Personal Service Companies then?Leave a comment:
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Originally posted by d000hg View PostI think that's a silly suggestion. The dividend tax closes a loophole where company owners can pay very low tax on a high income, and the tax levels chosen make it very similar to income tax levels, which suggests that is deliberate.
Or why could not they limit tax to first £100k in dividends per year?
This is even worse tax grab then when Brown raided Pension funds - there he also disallowed use of dividends tax credit, something that Conservatives criticized and now they did the same thing only for everybody, can't remember that being in their manifesto!Leave a comment:
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Originally posted by d000hg View PostMany people starting up their business do this at the beginning - many take no salary at all and live off savings. You never watch Dragons' Den? The hope is it's a sacrifice for a short period that will pay off.
Didn't SKA work like that for you in the early days - coding 15 hours a day because it's your business and you can't spare the money to pay someone else?Leave a comment:
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Originally posted by d000hg View PostMany people starting up their business do this at the beginning - many take no salary at all and live off savings. You never watch Dragons' Den? The hope is it's a sacrifice for a short period that will pay off.
Didn't SKA work like that for you in the early days - coding 15 hours a day because it's your business and you can't spare the money to pay someone else?
At the other end of the spectrum, loads of small business simply don't every generate a lot of profit. Running a nice boutique teashop or similar quirky/independent business often just about makes a living for the owner but no more. A "lifestyle business" I thin it's called.
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Originally posted by AtW View PostNo, what makes it rather nasty is that dividends tax is now separate and can be easily increased at any time, it won't take long before it is aligned with income tax rates.Leave a comment:
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Originally posted by AtW View PostNo, what makes it rather nasty is that dividends tax is now separate and can be easily increased at any time, it won't take long before it is aligned with income tax rates.Leave a comment:
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Originally posted by AtW View PostNow that's pretty fooked up.
Working extremely long hours and having combined income from business less than high income threshold, what's the point then???
Didn't SKA work like that for you in the early days - coding 15 hours a day because it's your business and you can't spare the money to pay someone else?
At the other end of the spectrum, loads of small business simply don't every generate a lot of profit. Running a nice boutique teashop or similar quirky/independent business often just about makes a living for the owner but no more. A "lifestyle business" I thin it's called.Leave a comment:
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