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To be honest hardly anything as I take everything out - It's probably not been the most tax efficient but I dont trust a future government not to make it even harder to release funds - so it all comes out and goes int he ISAs.
a few k and tax liability. Presume the tax liability will chase the...
Hi all,
going to ask the accountant for the formal answer but as I;ve been offered a pretty decent perm job im considering closing the company and taking it. Does HMRC count as a formal creditor for tax that will be owed at the point of closure? Just wondering what it means to simply dissolve...
I thought you had to be able to prove that someone did something for the company to pay a salary?
"the spouse or partner in question must actually be doing something for the business, and being paid according to their role and hours. They should not be being paid simply as a means of generating...
Disclaimer - I have asked my accountant (big name IT contractor specialist) and they haven't got a formal position on this yet and will decide sometime in February so I'm asking here in case anyone else has done the calculations.
(just to ward off "ask your accountant" statements).
So - I...
I'd love a simple calculator where you can put in what you've taken this year already then play around with the numbers with this and next years figures, pension and whatnot to see what it does to "take-home"/retained/tax etc.
Don't suppose anyones built one for next year yet or seen one have they?
any reason you think you might not get cleared?
Most people will know if there's anything in their past that might raise warning signs.
Unless you've been really naughty or don't declare something you'll almost certainly pass it.
It will be yes.
Going back to brass tacks I thought the aim of a director was to make a company as profitable as possible. Surely extra revenue streams whatever the trade are valid as they increase the profitability of the company.
Just a thought
Thanks for the replies guys
why is it a pain putting someone else through the books?
The company will be VAT registered they're pretty sizable with several employees.
Is the only issue with the tutoring stuff the fact its a totally different business? Is that an issue inside one Ltd where...
Hi all,
Mrs Techjinx has been offered 15 hours a week running the social media accounts of a smallish online business. £10-£15 an hour nothing major but not bad as she's at home with the kids at the moment and its home based.
She's also been offered 1-2 hours tutoring English at £30 and hour...