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Recent content by jamda
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What percentage of your earnings do you clear?
This was the whole reason for my post, looking across the range of possible set ups, what people are clearing. It was certainly not designed as a benchmark for my performance, and thus I explictly only mention percentages. What a friendly forum.- jamda
- Post #3
- Forum: Accounting / Legal
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What percentage of your earnings do you clear?
Just coming towards the end of my contract and I was working out, in the last year how much, as a percentage of what I charge the client (less VAT), I take home. It worked out at 70%. I just wondered what the range was. There are these high, high risk schemes that promise 85%, but assuming its...- jamda
- Thread
- Replies: 32
- Forum: Accounting / Legal
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Can you draw dividends as soon as you've invoiced? and..erm..spreadbetting....
Thanks for the replys. So from what I can tell, as long as I have sufficient reserves I can pay myself the dividends immediately. I take the point about "what if they dont pay", but they have a contract in place which means they have to pay me within 20 days of invoice, so im not so worried...- jamda
- Post #9
- Forum: Accounting / Legal
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Can you draw dividends as soon as you've invoiced? and..erm..spreadbetting....
If you invoice your agency on the 1st of the month, for say £1000, and you calculate you can withdraw £500 in dividends from profit, do you have to wait for the agency to pay you, or can you withdraw the dividend as soon as the work is complete/invoiced? Its a bit of a technicality i know, but...- jamda
- Thread
- Replies: 12
- Forum: Accounting / Legal
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Making my first company salary/dividend payment (SJD)
Hi All, I am in the process of making my first company payment to myself, in the form of salary and dividend. I should say I am with SJD accountancy, but as they do not go back to the office until the 4th I'm in need of a spot of advice. The advice I recieved was to pay myself a gross...- jamda
- Thread
- Replies: 23
- Forum: Accounting / Legal
