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Recent content by TechJinx

  1. TechJinx

    closing ltd company

    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...
  2. TechJinx

    closing ltd company

    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...
  3. TechJinx

    termination of the employers NIC incentive from April second employee implications?

    Wow I'd missed the distinction. So basically will only catch single people. Poorly thought out legislation!
  4. TechJinx

    termination of the employers NIC incentive from April second employee implications?

    Yeah that's the one. Disappearing from April for single employee companies
  5. TechJinx

    termination of the employers NIC incentive from April second employee implications?

    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...
  6. TechJinx

    termination of the employers NIC incentive from April second employee implications?

    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...
  7. TechJinx

    How much to take out of company?

    and are there graphs....... I love graphs
  8. TechJinx

    How much to take out of company?

    I was unaware of such a tome - i'll search for it. Has it been updated with all next year's tax change shenanigans then?
  9. TechJinx

    How much to take out of company?

    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?
  10. TechJinx

    Signing Contract before background check

    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.
  11. TechJinx

    Extra income stream and taking wife on as employee

    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
  12. TechJinx

    Extra income stream and taking wife on as employee

    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...
  13. TechJinx

    Extra income stream and taking wife on as employee

    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...
  14. TechJinx

    Dividends beyond £5k taxed wef 2016!!

    :happy I had to look at the link as I thought that was the one where every forum post depends until someone compares someone else to Hitler :D

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