Reply to: Is £10k the optimal 2014/15 salary when 10% dividend tax credit is factored in?

[Martin at NixonWilliams]

The salary level decision wasn't actually taken by me personally, but having done a quick review at the time I thought it was the correct one. Same approach has been taken by crunch I believe.

If I have made a mistake then of course I'd happily admit it, I will reconsider our position on this in light of the discussions - there I've said it!

I still stand by my position that knowing my clients better than anyone on here, for the sake of a maximum of £165 it is not worth it for them.

Wanted to also comment that of course, it's very easy for some other accountants here to jump on the bandwagon to try and portray me/us in a further negative light - without actually giving any constructive comments, it doesn't really help to show that you are providing a quality, professional service.

I'm going to review some exciting accounts now - as much as I would love to stay on the forum all day, I do (believe it or not) have a day job to do.

Andrew

Hi Andrew,

I have only just seen this post as I was out of the office yesterday afternoon.

I'm not sure if the comment above was aimed towards me however I would just like to point out that I was not trying to portray you or your company in a negative light - I only felt it necessary to challenge your view for the simple reason that a number of our clients are on this forum and they could have been led to believe that the advice we have given them is incorrect based on what you had said.

Martin

[Old Greg]

I will come up with an appropriate webpage from google to prove I am right, I am on page 32 with 80k results so might take me awhile but I will find one to back me up

Now time to

Hands up who has a Latin degree.

Hands up who is a low grade techie.

[northernladuk]

He incorrectly spelled 'their' as 'there'. He didn't misuse the word 'there'. To put another way:

'there' in this case is not an incorrect usage of the meaning 'at (or to) that place' but an incorrect spelling of the word 'their' (meaning 'belonging to them').

I will come up with an appropriate webpage from google to prove I am right, I am on page 32 with 80k results so might take me awhile but I will find one to back me up

Now time to

[Old Greg]

How do you work that out?

He incorrectly spelled 'their' as 'there'. He didn't misuse the word 'there'. To put another way:

'there' in this case is not an incorrect usage of the meaning 'at (or to) that place' but an incorrect spelling of the word 'their' (meaning 'belonging to them').

[Jeremiah@RHJAccountants]

Time to go back to my bean counter you contractors pick up on everything

[northernladuk]

It was a spelling error.

How do you work that out?

[Old Greg]

That would be why you are mixing a spelling error up with a grammatical error

It was a spelling error.

[northernladuk]

and as for spelling hey i am an accountant so only good with numbers

That would be why you are mixing a spelling error up with a grammatical error

[Jeremiah@RHJAccountants]

THEIR - FTFY -Jeremiah

As others have said don't take it too much too heart

I just believe that with good communication with your accountant then one extra payment to HMRC for a contractor, is really nothing that will give them sleepless nights, simple!


and as for spelling hey i am an accountant so only good with numbers

[Old Greg]

The salary level decision wasn't actually taken by me personally, but having done a quick review at the time I thought it was the correct one. Same approach has been taken by crunch I believe.

If I have made a mistake then of course I'd happily admit it, I will reconsider our position on this in light of the discussions - there I've said it!

I still stand by my position that knowing my clients better than anyone on here, for the sake of a maximum of £165 it is not worth it for them.

Wanted to also comment that of course, it's very easy for some other accountants here to jump on the bandwagon to try and portray me/us in a further negative light - without actually giving any constructive comments, it doesn't really help to show that you are providing a quality, professional service.

I'm going to review some exciting accounts now - as much as I would love to stay on the forum all day, I do (believe it or not) have a day job to do.

Andrew

Fair enough, Andrew, but I like to be presented with options. I don't always take the most tax efficient route in all areas, but I like to be informed and advised so I can make the decision. And don't take it heart - it's only CUK.

[Andrew@Wisteria]

So what would concern me, Andrew, is that you take a position based on an understanding of the tax position of the two different salaries, but then stick to your position (which is disadvantageous) when your understanding is shown to be incorrect. Come on, man! We rely on you guys.

The salary level decision wasn't actually taken by me personally, but having done a quick review at the time I thought it was the correct one. Same approach has been taken by crunch I believe.

If I have made a mistake then of course I'd happily admit it, I will reconsider our position on this in light of the discussions - there I've said it!

I still stand by my position that knowing my clients better than anyone on here, for the sake of a maximum of £165 it is not worth it for them.

Wanted to also comment that of course, it's very easy for some other accountants here to jump on the bandwagon to try and portray me/us in a further negative light - without actually giving any constructive comments, it doesn't really help to show that you are providing a quality, professional service.

I'm going to review some exciting accounts now - as much as I would love to stay on the forum all day, I do (believe it or not) have a day job to do.

Andrew

[jamesbrown]

I've decided to recruit a bank-transaction-monkey to ease the burden.

[Andrew@Wisteria]

Or even there accountant very overwhelming

THEIR - FTFY -Jeremiah

[Old Greg]

For our clients drawing up to the high rate tax band, we're recommending a salary of £7,800.

The net pay (salary and divs) is the same as the £10k salary, but with the additional hassle of paying PAYE/Employer's NIC each quarter.

So what would concern me, Andrew, is that you take a position based on an understanding of the tax position of the two different salaries, but then stick to your position (which is disadvantageous) when your understanding is shown to be incorrect. Come on, man! We rely on you guys.

[Jeremiah@RHJAccountants]

How do they manage to pay VAT or CT?

Or even there accountant very overwhelming