At what point does a Ltd become unviable?

[gingerjedi]

£100 quid a day?? Or an hour??

Seriously is it worth working for that rate?

It's not ideal but times are tough, should I just let the house get repossessed?

Seeing as most people in Britain work for less should they all jack it in too?

Some people on here are as far removed from reality as city bankers.

[Olly]

I've just jacked in a £100 a day job but I'm glad I took it rather than sitting at home on my fat arse unlike some of you benchers

Closing my Ltd isn't wasn't really an option for me and I've not discussed if I could get a discount from my fixed £77 a month accounting fee if it goes almost dormant (probably none).

Brollies charge x, your Ltd actually earns you a couple of quid from online filing incentives if you do all the accounting yourself. If you do pay for an accountant (which I'm probably going to try and roll without in the future) then that would be somewhat offset by flat rate VAT, I've forgotten the incentive, is it 2%? (£466)

Putting NI into the mix...Ltd all the way baby....even if you're only earning beans.

[Fred Bloggs]

Better off having a drone type job as a staff guy at those rates, I would think.

[ctdctd]

£100 quid a day?? Or an hour??

Seriously is it worth working for that rate?

£100 a day is £23200 a year allowing for four weeks on hols.
Plenty of support roles are coming in at around this rate - times are hard!
Better than the dole I should think.

[jmo21]

He's referring to my avatar.

- switches avatars on....

I see now!

- switches avatars off...

[joey122]

I used to reap the reward of a Ltd when my day rates were £200+ but I've been reduced to taking contracts that typically pay £100-£130 over the past year.

With little sign of improvement it just doesn't seem worth the bother any more as with most contracts you can negate almost all the tax on salary with expenses.

At what point would would people quit the Ltd? I reckon below £20 per hour makes it more hassle than its worth.

£100 quid a day?? Or an hour??

Seriously is it worth working for that rate?

[gingerjedi]

I still don't get it in terms of this thread


too close to Xmas....brain shutting down...!

He's referring to my avatar.

[Platypus]

I used to reap the reward of a Ltd when my day rates were £200+ but I've been reduced to taking contracts that typically pay £100-£130 over the past year.

With little sign of improvement it just doesn't seem worth the bother any more as with most contracts you can negate almost all the tax on salary with expenses.

At what point would would people quit the Ltd? I reckon below £20 per hour makes it more hassle than its worth.

I'm no expert, but what alternatives would you consider? Brolly or agency payroll I guess. I expect the latter is more cost effective. I'm not sure what brolly fees are though.

[jmo21]

I still don't get it in terms of this thread


too close to Xmas....brain shutting down...!

[gingerjedi]

Erm, this might be a bit of a technicality but I don't think stormtroopers actually did the building work of the battle stations did they? Wouldn't they have like builders n stuff to do that?

Even stormtroopers have families to feed in these dark times, you do know that Brown ...sorry Vader will have to slash the public sector ...I mean empire dont you?

[northernladuk]

did you meant to post that wonderful analogy in the "do you do your own accounts" thread?

Yes very clever! Had to think about that one but it would have been very apt wouldn't it

[jmo21]

Erm, this might be a bit of a technicality but I don't think stormtroopers actually did the building work of the battle stations did they? Wouldn't they have like builders n stuff to do that?

did you meant to post that wonderful analogy in the "do you do your own accounts" thread?

[northernladuk]

Erm, this might be a bit of a technicality but I don't think stormtroopers actually did the building work of the battle stations did they? Wouldn't they have like builders n stuff to do that?

[gingerjedi]

I used to reap the reward of a Ltd when my day rates were £200+ but I've been reduced to taking contracts that typically pay £100-£130 over the past year.

With little sign of improvement it just doesn't seem worth the bother any more as with most contracts you can negate almost all the tax on salary with expenses.

At what point would would people quit the Ltd? I reckon below £20 per hour makes it more hassle than its worth.