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Recent content by GitMaster69
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Budget Day
In totally unrelated topic, anyone tried contracting (and subcontracting) from abroad to UK clients?- GitMaster69
- Post #40
- Forum: General
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15% rate cut.
Been offered rate from 500 to 415 outside. Was very displeased by it but took it anyway. Got offered more after few weeks passively posting crap on linkedin- GitMaster69
- Post #11
- Forum: Business / Contracts
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5 houses in - carry on or slowly retire ?
Better question is how to stop yourself endlessly chasing money. I’ve breached my life goal a while back but simply shrugged it off and set the bar higher … there’s always bigger yacht. Therapy it is I guess- GitMaster69
- Post #6
- Forum: Business / Contracts
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5 houses in - carry on or slowly retire ?
But moaning about “I didn’t save for retirement after contracting for 30 years, what do?” is ok ?:D- GitMaster69
- Post #3
- Forum: Business / Contracts
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5 houses in - carry on or slowly retire ?
Where do you put a stop to this ? Just finished buying another house and my greedy nature is already thinking of next. My girlfriend wants me to stop and retire on Tenerife with small but healthy income in comparison to contracting. on one hand I think I have developed solid investment strategy...- GitMaster69
- Thread
- Replies: 13
- Forum: Business / Contracts
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10 years contracting boom and no inside role
nope, you should have retired 18 years ago xD- GitMaster69
- Post #15
- Forum: General
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10 years contracting boom and no inside role
What's your excuse?- GitMaster69
- Thread
- Replies: 15
- Forum: General
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Incurring cost in UK company
I did , extensively. Learned a lot you should try. but prefer bing for most scenarios as it’s giving links and sources- GitMaster69
- Post #38
- Forum: Accounting / Legal
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Incurring cost in UK company
Well just to clarify . There's nothing dodgy about my business model and it will generate income by itself. The books would speed things up as I would be able to get finance after first books, not second. But again secondary issue as I can be patient.- GitMaster69
- Post #34
- Forum: Accounting / Legal
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Incurring cost in UK company
ok thanks everyone. It's hard to get advice without putting everything on the table, especially when topic keeps deviating to secondary things Might need professional advice all the best- GitMaster69
- Post #30
- Forum: Accounting / Legal
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Incurring cost in UK company
Whatever! I want to invest! I'm way beyond tax efficient threshold to draw personally. How to do it and not be screwed on tax is the question! Think of it as an SPV, the difference being in SPV you can have only 1 property for bank to give you mortgage.- GitMaster69
- Post #27
- Forum: Accounting / Legal
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Incurring cost in UK company
Cooking books, defrauding banksters, entrepreneurs bad - keep them coming :bluelight- GitMaster69
- Post #25
- Forum: Accounting / Legal
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Incurring cost in UK company
yeah but you don't have all the facts. The funding bit is not the problem, it's the underwriters job. The problem is the double tax... lets see what AI has to say on the topic..- GitMaster69
- Post #18
- Forum: Accounting / Legal
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Incurring cost in UK company
without going into details about the business plan, I already spoke with bank about it and they are OK with my plan but need to show profits on the first accounting perdiod. Hence the constraint about profits and no debt in company B. And getting funding is the core of my strategy- GitMaster69
- Post #16
- Forum: Accounting / Legal
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Incurring cost in UK company
Assuming double tax scenario UK LTD (company A) generates 100k after costs and is due 19k tax at 19% = net £81k (ignoring marginal rate) transfers the remaining money to EU LTD (company B) that declares it as profit at 20% tax - leaves £64.8k and effective tax rate of 35.2% all the while still...- GitMaster69
- Post #12
- Forum: Accounting / Legal
