Reply to: Car Buying

[NickFitz]

The whole point is... this is a discussion forum/ information sharing forum....Yes, my accountant said something which iam not sure about it (didn't get angry) then posted a question here to get an answer ... what is wrong with that?

What i don't understand is why people get angry ?

Just because i have not done my research before posting the question... if that's the case then thats BULLtulip...

Close contractorUK and go and check in google...

http://catb.org/~esr/faqs/smart-questions.html

[malvolio]

Sigh....

[secontrator]

Tell you what, sweet pea - when you've run a business as long as I have, when you have studied freelancing as carefully as I have, when you have my background as an accountant and when you uinderstand the basics of comapny law and corporate accountancy, then you can mouth off.

I answered the question as posed. Sorry you can't cope with the answer.

Now go home to mummy, your tea's ready.

What you mean to say that you have done MBA (corp finance) from LBS? ahh!!! to do an IT contract......

You still don't get the point... this is just a discussion forum.. if you know answers for all the questions then what do you do here....

Timepass!!!... Take it easy...

Adios

[secontrator]

I love this site.

Your accountant says no.

You didn't like that answer so you asked on here.

Some people have tried to take you through the reasons why you would have got that answer from your accountant but you don't really want to know, you just want people to tell you what it is you want to hear so you throw a hissy fit.

Why don't you ask your mates down the pub? They might be more sympathetic.

<BIRD MODE>

More importantly, what colour is it?

<BIRD MODE OFF>

The whole point is... this is a discussion forum/ information sharing forum....Yes, my accountant said something which iam not sure about it (didn't get angry) then posted a question here to get an answer ... what is wrong with that?

What i don't understand is why people get angry ?

Just because i have not done my research before posting the question... if that's the case then thats BULLtulip...

Close contractorUK and go and check in google...

[malvolio]

Thats what you think.... btw, my accountant didn't say like that... keep it quiet...

Tell you what, sweet pea - when you've run a business as long as I have, when you have studied freelancing as carefully as I have, when you have my background as an accountant and when you uinderstand the basics of comapny law and corporate accountancy, then you can mouth off.

I answered the question as posed. Sorry you can't cope with the answer.

Now go home to mummy, your tea's ready.

[sweetandsour]

Two More to add.

Why the hell people don't give straight answer when someone ask a question?

Why the hell people pretend that they answer questions in a forum?

hopefully, you understood....

I love this site.

Your accountant says no.

You didn't like that answer so you asked on here.

Some people have tried to take you through the reasons why you would have got that answer from your accountant but you don't really want to know, you just want people to tell you what it is you want to hear so you throw a hissy fit.

Why don't you ask your mates down the pub? They might be more sympathetic.

What make/model of car?

<BIRD MODE>

More importantly, what colour is it?

<BIRD MODE OFF>

[grey_lady]

What make/model of car?

[BoredBloke]

I thought the whole point of the scrappage thing was to allow the owner of an old car to trade it in and get a payment towards a newer one. If the company is the owner and has owned it for the required amount of time and the car qualifies then there should be no problem with the company trading its asset in for another. If you currently own the car then i can't see how the company could use it as it could never have owned it for the required amount of time.

[Durbs]

If no to both the above, then why can't I declare a dividend to get the money from the Company into my personal account so I can buy a car with it?

Nothing stopping you taking a dividend and buying a car with it, you can do what you like with your dividend money. The only issue is if you take a dividend larger than you should.

I assumed you meant buying a car through your limited, there is no financial advantage in doing this (normally) for the type of business an IT contractor runs so this is probably why your accountant didn't recommend it (either that or your books show a dividend of that size was not do-able given your turnover).

[Peoplesoft bloke]

Why you get angry? just because i asked a question for a question?
really, you have to grow up...

This is a discussion forum so,anyone can ask a question... for some people cud be a dump question for some others, cud be diffrent...

hmmm a dump question........interesting.

[secontrator]

That's it, got to be sockpuppet.

Why you get angry? just because i asked a question for a question?
really, you have to grow up...

This is a discussion forum so,anyone can ask a question... for some people cud be a dump question for some others, cud be diffrent...

[secontrator]

Just becuase you don't like the answer....

Mine was entirely correct and accurate, and followed the same logic as your accountant would have used. Grow up. This is not a game.

Thats what you think.... btw, my accountant didn't say like that... keep it quiet...

[Bunk]

why should i think like a company director does it give more rights?

That's it, got to be sockpuppet.

[malvolio]

Just becuase you don't like the answer....

Mine was entirely correct and accurate, and followed the same logic as your accountant would have used. Grow up. This is not a game.

[secontrator]

[QUOTE=JoJoGabor;945257]

I'm sorry secontractor. We dont mean to be nasty, but the way you have worded your questions you have come across to me as a naiive contractor who thinks that running a limited company is just a way of paying less tax and bending the rules to pay less for everything. Running a ltd company is a business, and yes you are a company director, and you need to think like a business otherwise the tax man will be on you like a tonne of bricks.

It will annoy proper contractors as anyone who comes into this business with a lack of knowledge of how it works just makes it harder for the rest of us as HMRC treats us all as these rule-bending tax dodgers. SO please read up on your liabilities and responsibilities as a company director - you may get a rude awakening.

Namaste!

The reason i put the question in the forum is because accountant don't give answers for all the questions and their short answer is NO, YOU CAN'T DO IT...

BTW, no one is expecting a WIKIPEDIA for these questions...

Adios.