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Recent content by mashetti
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Horrors of their first budget.
Reeves said that in order to encourage entrepreneurs to invest in their businesses, the lifetime limit for Business Asset Disposal Relief would be kept at 1 million pounds, and would remain at 10% this year, rising to 14% in April 2025 and 18% in 2026-27. from here... -
Public sector.... switch to umbrella, really?
example? example? Regarding point 2, anyone able to give an example? I had this bright idea that I could switch to a brolly (due to working for a public client), then 100% salary sacrifice and then have my limited company (plenty of retained profits) pay me a small salary (whatever the tax...- mashetti
- Post #25
- Forum: Umbrella Companies
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Contract 250/day vs Perm 50k
I've been on the bench for 2 months now and it's getting a bit boring. Thankfully I've had some promising leads last week and if all goes well I potentially have a dilemma (which is a good thing I guess). If you had to choose between the following options below does one stick out as being the...- mashetti
- Thread
- Replies: 17
- Forum: Business / Contracts
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Looking for business partner
Interested Interested I'd like to know a bit more too actually. I'm a developer too, mainly in the Oracle space so all things back end (keep it clean), PLSQL, SQL, javascript, ajax, web development, APEX, Forms, Reports.- mashetti
- Post #5
- Forum: Business / Contracts
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Mortgage and Company Accounts
I contacted one of the lenders in question and they said I could just submit my self assessment as that will show how much I was paid. I know it's a long way off what I really made in the year but the rest of that cash is sitting in the company... When it comes to it I think I'll also submit...- mashetti
- Post #3
- Forum: Accounting / Legal
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Mortgage and Company Accounts
Since I'm on the bench I thought it would be a good time to look around for a bargain property... Anyway, most mortgage providers require the following for self employed people to prove thier income: Accounts must be prepared or audited by a Chartered, Certified or Public Finance Accountant...- mashetti
- Thread
- Replies: 6
- Forum: Accounting / Legal
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Clause Enforceable?
I did some work for a Client and the contract between my co and the agency states: "The Company agrees that for the duration of this Agreement and for a period of twelve (12) months following the termination of this Agreement, it shall not: (a) enter into any arrangement with either...- mashetti
- Thread
- Replies: 5
- Forum: Accounting / Legal
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Best Business Bank Account
I was (actually still am in a way!) with HSBC as it was very very easy to set up as I was a personal customer. Have to say they have carp rates and it wasn't until I was moving all my money to Cater Allen that they said 'Hey, you have a bit of cash, we can give you a better rate'... too late...- mashetti
- Post #17
- Forum: Business / Contracts
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Bicycle expenses
I want to ride my bicycle, I want to ride my bike... I want to ride my bicycle, I want to ride my bike... It says: "Payments of up to 20p per mile may be made for business travel on an employee's own bicycle" wtf does that mean anyway - up to 20p - is it up to the employer to set the mileage...- mashetti
- Post #4
- Forum: Accounting / Legal
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What's the issue with Company pension contributions?
I was thinking put in pension now saves 20(ish)% CT now but then down the line you pay tax on it when you get it out of pension. I wasn't considering the tax on divs as I only ever go up to the lower limit so no more tax to pay. I guess it's different if you go into the higher band then you...- mashetti
- Post #16
- Forum: Accounting / Legal
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What's the issue with Company pension contributions?
ok, so I read that you get 25% lump sum tax free so that's a start.- mashetti
- Post #13
- Forum: Accounting / Legal
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What's the issue with Company pension contributions?
Interesting... I am in the process of setting up a Personal Stakeholder Pension through my limited. I have been told by the bods at the bank (one of those really big banks with 4 a 4 letter name) that the limit is 100% of salary, mine this year being a measly 5k. Basically what is being said...- mashetti
- Post #12
- Forum: Accounting / Legal
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Bagpuss - Please fix your quote!
linky but nice para phrasing anyway. -
Bagpuss - Please fix your quote!
The word skin is missing... unless it's not a quote from RATM of course? thank you very much, please come again. -
I won the Lottery on Saturday
It was a tenner for me too, better than nothing but 8.8 mil would have been nice! Oh what to do with ten big ones, 3 pints sounds like a good idea, although I may need a bit more than a tenner at some places around London. Maybe I save it for when I go up norf and get 4 pints:cool3:
