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Recent content by network

  1. N

    Is training allowed as a expense through limited company ?

    I didnt blag Stek. so you mean to say that if you do something you are an expert, is it ? wont you have the attitude to do things better ? Does this training course you are interested in invoke flying to India as well ? Thats none of your business - if you want to help ,then post your...
  2. N

    Is training allowed as a expense through limited company ?

    Yes but without those materials / exam i cant do my job better. For instance, if i am doing a job in .net and buy materials to design in .net (which i am doing in my current job) then is this an allowable expense ? because i need this to perform my job better . i am not doing any course outside...
  3. N

    Is training allowed as a expense through limited company ?

    Hi Just wondering is "training allowed as a expense through limited company" because my accountant seems to think this should not be additional skill. He was asking if i didnt do this training ,would i still be able to do my job ? The answer is yes and no because i need this qualification to...
  4. N

    expense - reduce tax ?

    Thanks for being polite but would you be able to give me some help on the basics as i have been reading 100 of websites and now totally confused. and can i ask you what part of my question made you think i did not know the basics but again i am being polite as well if i am missing something can...
  5. N

    expense - reduce tax ?

    Thanks NW. i thought of the same as well. People think if you claim expenses or spend more then you take home more which is incorrect because the savings is just 20% and do not spend unless you need to. (for example a friend mine brought a computer which he could have lived wihtout it also. he...
  6. N

    expense - reduce tax ?

    Hi I have started a limited company and just wondering Does expenses reduce tax. I have seen people claiming for many things (business purpose) but by doing so arent you reducing take home pay ? Because if you dont claim then yes i agree you pay tax but you pay only 20 % corp tax and save 80%...
  7. N

    1st time contracting - help please

    Thanks guyz :)
  8. N

    1st time contracting - help please

    right artic system cases is bit scary but i am sure many people would be spilitting the income between husband and wife. just that if anyone can advice be if the ration of 60:40 is ok or do i have to reduce the ratio ?
  9. N

    1st time contracting - help please

    could you please provide me the links or let me know what to search for pls ? pretty new to contracting and this forum so any help appreciated
  10. N

    1st time contracting - help please

    Thanks again. just a quick question - so i can have my spouse as a share holder witha percentage 60:40 (60 myself and 40 spouse) - this should not be a problem with hmrc, isnt it ? the problem will start only when i pay her isnt it ?
  11. N

    1st time contracting - help please

    Thanks again. Also i have included my spouse as a director in the company because an accountant asked me to do so. so i made it as 60:40 - is this fine. but by the looks of it because i am not on a high paid cntract rate, the dividends and salary itself will be enough i think without even...
  12. N

    1st time contracting - help please

    @all Thanks for your valuable info. I was under the impression of paying £8500 as salary (yes i will check my p45 to see if i have used up all my allowance) but otherwise is this ok? because one my friends accountant said its better to take more than the threshold for hmrc purpose - dont knwo...
  13. N

    1st time contracting - help please

    Hi, I am new to contracting. Just a quick question. my account says i can take a minimum salary of £625 / month - (7500) (for this 2012-2013). is this correct because i thought it was £8105 this year? Also is a threshold that a director should take ? any advantage of taking more as salary ...
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  1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
    2. Social / Events
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