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Recent content by Jake1000
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Salary Change
I have always paid myself salary of £732. Now since I have a job I want to save tax and pay myself as low as possible. Do you mean I can stop paying myself even though I am employed by m y limited company?- Jake1000
- Post #7
- Forum: Business / Contracts
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Salary Change
No.. I don't have a accountant. I manage everything myself- Jake1000
- Post #5
- Forum: Business / Contracts
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Salary Change
I know I have to pay the salary but can I change it to a low amount? eg £1.00 ?- Jake1000
- Post #4
- Forum: Business / Contracts
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Salary Change
Hi, Being a contractor I have been paying myself £732 for 2020-21. This month I have taken up a permanent job (as a second employment - nothing to do with my limited company). Is it possible to lower my limited company's salary from this month? If yes then how low can I go?- Jake1000
- Thread
- Replies: 23
- Forum: Business / Contracts
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Online Test for Interview
Hi all, In these covid times companies are giving online timed tests for .NET c# and other languages. Does anyone have any experience with these? Any idea on formats etc?- Jake1000
- Thread
- Replies: 50
- Forum: Business / Contracts
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State of the Market
I wonder when will things be better/ normal- Jake1000
- Post #3,947
- Forum: Business / Contracts
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State of the Market
I have been looking as well. Its strange that you apply but hear nothing from the other end. No emails; no phone calls - nothing - as though people have vanished. Anyone experiencing this?- Jake1000
- Post #3,940
- Forum: Business / Contracts
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Poll: Have you signed the petition?
Coronavirus Support Package for Directors / Shareholders of small Limited Co's. - Petitions- Jake1000
- Thread
- Replies: 8
- Forum: Coronavirus Assistance
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Contractor furlough - PAYE query
Here is the link Coronavirus Job Retention Scheme calculator - Job Retention Scheme calculator - GOV.UK Go by this - at least its HMRC's- Jake1000
- Post #12
- Forum: Coronavirus Assistance
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Contractor furlough - PAYE query
No worries - thanks for you response- Jake1000
- Post #10
- Forum: Coronavirus Assistance
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Contractor furlough - PAYE query
Thanks - I understand now You might want to see this regarding calculation Xero vs HMRC furlough calculation | AccountingWEB- Jake1000
- Post #9
- Forum: Coronavirus Assistance
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Contractor furlough - PAYE query
Calculation is not an issue since there are in HMRC videos as well Dint understand why you divided £719 with 12? HMRC says you can apply minimum for 3 weeks My question was slightly different. Do I have to give myself a Payslip for furlough money? as this will go into my PAYE on HMRC...- Jake1000
- Post #5
- Forum: Coronavirus Assistance
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Contractor furlough - PAYE query
But there are two payments in May. First is when I was working which works out to be £92.77 and the second is furloughed which would be 80% of (719/31 * 27) where 27 is the days between 5May and 31 May. Should the payslip consist of both these amounts?- Jake1000
- Post #3
- Forum: Coronavirus Assistance
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Contractor furlough - PAYE query
hi, I am a director of a limited company currently out of any work. I plan to furlough myself and have a simple question on accounts If I furlough myself for 4 weeks, from 05 May to 31 May 1. Should I have a payslip for myself for month of May? 2. If yes then what would be the amount on...- Jake1000
- Thread
- Replies: 12
- Forum: Coronavirus Assistance
