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Recent content by morphman

  1. M

    Personal Holding Company

    Surely, the knock on positive effect of a personal holding company, is that when you have finished with that company (is your 5 year investment bonds have matured), you can possibly close it down and only pay entrepreneurs relief @ 10%??
  2. M

    Company Car and Car Insuarance. Advice needed.

    100% capital reduction for low emission cars in year 1 far outweighs the return on "business mileage" as long as most of your miles will be "business mileage". The new 2008 rules make a company car an interesting option again. You have to buy a new car with low emissions to take advantage of...
  3. M

    Offset Mortgage

    Is it not possible to take a large directors loan, and charge yourself interest just under what you are paying on your mortgage. Then you can offset the whole lot of it tax free, and the interest you would have paid to the bank, will now go directly to your own company account, to be...
  4. M

    Higher Corporation Tax

    welll, its just more encouragement to close your business down every few years, and get it all back as taper releif and CGT allowances. plus, you can re-assign shares of your new business when it is formed to your partner/family to suit your needs in order to maximise dividend amounts using both...
  5. M

    What If You Don't Have Any One Skill?

    Come on guys. You can do better than that. You need to be entreprenurial (spelling?). Either pick an in-demand skill, and specialise in it (pay for a course, read freebies on the net etc..) Alternativeley, go for the "analyst" positions, which usually require good problem solving skills, with a...
  6. M

    getting a mortgage

    I can see your quandry, however, its the consequence of your lifestyle choice to work in different countries over several years. As a sound investor, I would not dream of investing in someone who :- 1, doesnt have adequate status (electoral role, permanent residencies etc) 2, Cannot provide...
  7. M

    Best PHP-based bulletin board s'ware?

    Joomla is fantastic as well, fully featured CMS. www.joomla.org Oh, and phpnuke used to be the best, but it does seem a bit dated nowadays. (IMHO)
  8. M

    Advice for Self Employed Friend

    Hi, sorry, im not ignorant, just lazy. Thanks for the advice. I have passed it on, so hopefully she can sort out her affairs pronto.
  9. M

    Advice for Self Employed Friend

    Hi, A friend of mine started running a business (non-limited) in Aug 2005. She isnt really business minded, and now is very worried that she has so far not paid any tax. Does anyone know, firstly where she can get help, or secondly, what her immediate obligations are with the impending change...
  10. M

    Spanish bank account and UK Ltd

    get them to send u a cheque, then u can do what u like with it.
  11. M

    MBA costs through the company

    close down the company and take your 75% taper releif in addition to using your tax free allowance, as you wont be working, as well as using her UK tax free allowance, as she wont be working.. U can use that to fund anything u like then.
  12. M

    Shall I make my wife a director - "post artic"

    Seriously though, Wouldnt assigning a free share of your company to your wife constitute a valid s660 case, and therefore become a benefit in kind tax? The case won was not because a share was awarded, it was because the 2 initial directors were sharing dividends from a single directors...
  13. M

    PayFlex - Contractors what do you want?

    This thread seems more like an advertisement than a concerned company looking to better its service. Someone should close it.
  14. M

    Contractor Mindset

    First and foremost. Act like you are working for your own company, and not theirs. That means not being worried about setting your own terms (probably on things that are fairly negotiable anyway), such as working hours, overtime rates, late payment charges. Try to get a contract in fixed...
  15. M

    Morality of working through a Composite Umbrella

    And whats with all the "not worth listening to" avatars? lol,

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