Originally posted by Platypus
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Self-employed benefits loophole
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And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014 -
Originally posted by Platypus View PostI know several self-employed peeps in my area - they won't go Ltd because they worry about the cost of an accountant. I've pressed them to try to understand what they mean and they're convinced that being Ltd will cost them more money than being SE so they won't convert.
EDIT: I suspect they haven't explored the low salary / high divs route
IIRC the claimable expenses regimes are similar.
Not sure where that point is, but I'm sure somebody who is quite bored will work it out for us all.."See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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He's not entitled to contributions-based JSA but surely they are entitled to other benefits such as housing, child, council tax and tax credits because of her low income. This does not make sense to me at all.Last edited by Cyberman; 13 May 2009, 17:48.Comment
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Originally posted by Moscow Mule View PostI imagine there is a point where additional personal income tax & NI is actually less that Corp tax + Employers NI + costs of running ltd (assuming you want all the money you generate yourself).
IIRC the claimable expenses regimes are similar.
Not sure where that point is, but I'm sure somebody who is quite bored will work it out for us all..
Obviously this figure has changed over the years, and not just due to inflation, but to changes in various tax rates and bands. Every accountant I talked to when I finally went contracting in the 1990s told me that my turnover was too low for a limited company and I should be self employed, but that was unacceptable to IT agencies.Behold the warranty -- the bold print giveth and the fine print taketh away.Comment
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