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Recent content by danny13
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Early Mortgage Repayment - Extra Dividends vs Entrepreneurs Relief
Forgot to consider this, good point. :laugh:laugh:laugh- danny13
- Post #18
- Forum: Accounting / Legal
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Early Mortgage Repayment - Extra Dividends vs Entrepreneurs Relief
Some interesting posts and points of view. Considering the best course of action involves a fair amount of mystic meg crystal ball gazing. I am skeptical of continued house price inflation especially considering the location I have brought in (I've also been convinced the housing market was in a...- danny13
- Post #17
- Forum: Accounting / Legal
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Newbie - Becoming a contractor midway through a tax year.
You're right Wanderer, I received an ex-gratia payment which is tax free up to £30k, I excluded this from my consideration. The rest of my package, prorated holiday, 3 months paid notice, benefits etc will all be subject to tax. Basically my P45 states how much I earnt and how much tax I paid...- danny13
- Post #15
- Forum: Accounting / Legal
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Newbie - Becoming a contractor midway through a tax year.
Some great advice, and plenty to think about, but I think malvolio is right.....I better not get carried away just yet although I guess I had totally overlooked what my long term exit strategy might be. I'll wait until I get some money coming in and have gasped the basics as they are certainly...- danny13
- Post #12
- Forum: Accounting / Legal
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Newbie - Becoming a contractor midway through a tax year.
:spel advice- danny13
- Post #7
- Forum: Accounting / Legal
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Newbie - Becoming a contractor midway through a tax year.
Thanks Guys and Girls, and northernladuk. Reassuring to know, I wondered whether it would be considered tax avoidance or whether there was a minimum salary that must be paid to keep HMRC happy. Thanks Clare regarding the advise to keep profit within the company and then liquidate, I'd not...- danny13
- Post #6
- Forum: Accounting / Legal
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Newbie - Becoming a contractor midway through a tax year.
Ok, my first post, and I've tried to search first! So my question is ..... I'm about to land my first contract following taking a redundancy as a permie back in June. As a permie with my pay off I earnt just short of the higher tax bracket. I've set up a Ltd company for my contract but was...- danny13
- Thread
- Replies: 16
- Forum: Accounting / Legal
