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Recent content by mikesecurity
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M
Anyone heard of Aston Mae?
Perhaps I am not being hypocritical. Paying myself in dividends means that I at least declare all my income. I am just drawing that income in a tax-efficient way which HMRC seems perfectly happy with. They can always change the rules if they donlt like it. They get much of it back in corporation...- mikesecurity
- Post #25
- Forum: Accounting / Legal
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M
Anyone heard of Aston Mae?
Whilst I think the Aston Mae scheme is (removed by cuk), the link given by the previous poster deals with a scheme which is different from that operated by Aston Mae. In the Aston Mae scheme, you pay at least the market rate of interest on the loan, so interest on the loan is not treated as a...- mikesecurity
- Post #21
- Forum: Accounting / Legal
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M
Anyone heard of Aston Mae?
the crux of the matter #2 the crux of the matter #2 of course, Aston Mae offers a warranty against an investigation by HMRC. This covers "senior clients" against all costs, fines and penalties. They do not say what a "senior client" is. But I don't know what happens if there is a change in the...- mikesecurity
- Post #18
- Forum: Accounting / Legal
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M
Anyone heard of Aston Mae?
the crux of the matter the crux of the matter I too have been contacted by Aston Mae and I am considering what to do. Most of your pay will come in the form of a "corporate loan", for which you will pay the going rate of interest (e.g. 4.5%) to the umbrella company. That is how you avoid...- mikesecurity
- Post #17
- Forum: Accounting / Legal
