Originally posted by TheFaQQer
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£400K tax bill
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Profit? 2k expenses and you don't pay any tax at all. An accountant, insurance, website, etc should get you there.The greatest trick the devil ever pulled was convincing the world that he didn't exist -
Also bring your kids up free using tax credits because you don't 'earn' anything and pension doesn't countOriginally posted by LondonManc View PostProfit? 2k expenses and you don't pay any tax at all. An accountant, insurance, website, etc should get you there.Comment
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You would need £10k in expenses to get the profit to zero and hence paying no corporation tax. An unlikely scenario though, it’s contractors taking the p1ss that have caused the problems we have today.Originally posted by LondonManc View PostProfit? 2k expenses and you don't pay any tax at all. An accountant, insurance, website, etc should get you there."The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." CiceroComment
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yep they pay their cleaners £20 an hour !Originally posted by NotAllThere View Post4x? INKSPE.Comment
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How many days do you bill a year?Originally posted by TheFaQQer View PostSalary £8k
Pension £32k
Gross Profit £10k
Corporation tax £2k
Net profit £2k
Pay our £5k in dividends and you leave £3k in the companyComment
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It varies from year to year. I always aim to work no more than 9 months of the year - some years I manage to do that, some years I work more than that because I can.Originally posted by PurpleGorilla View PostHow many days do you bill a year?
I'd guess at between 160 and 220 feels about right.Comment
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