Originally posted by amcdonald
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Reply to: New rule for small biz
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Previously on "New rule for small biz"
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Originally posted by russell View PostSo lets say the new rule is in place that companies with turnover less than 77k will be taxed on turnover.
If I turnover 75k I will be taxed 20% i.e. 15k even if I had expenses of 30k whereas if I turnover 78k with 30k expenses I will only pay 9.6k??
But then again the whole thing will go out to consultancy, wherein the masses will demand anyone who earns more than them is punished by the tax regime.
We're screwed.
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Originally posted by russell View PostI wanted a serious thread and a thread where it descended into pictures of tits.
I can see tits in this thread already but guess that isn't what you mean. Where is K2P2 when she is needed.
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Originally posted by russell View PostSo lets say the new rule is in place that companies with turnover less than 77k will be taxed on turnover.
If I turnover 75k I will be taxed 20% i.e. 15k even if I had expenses of 30k whereas if I turnover 78k with 30k expenses I will only pay 9.6k??
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Originally posted by Jog On View PostI think we need to wait for the dust to settle and the accountants to get into the guts of it all, phrases like "subject to consultation" and words like "simplified" are too general and wooly IMO.
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Originally posted by eek View PostOnly unincorporated businesses supposedly.
Mrs Jog has just registered her LTD for new pilates business
Originally posted by Zoiderman View PostI also think they will not be registered for VAT
I think we need to wait for the dust to settle and the accountants to get into the guts of it all, phrases like "subject to consultation" and words like "simplified" are too general and wooly IMO.
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Originally posted by russell View PostSo lets say the new rule is in place that companies with turnover less than 77k will be taxed on turnover.
If I turnover 75k I will be taxed 20% i.e. 15k even if I had expenses of 30k whereas if I turnover 78k with 30k expenses I will only pay 9.6k??
Leave a comment:
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New rule for small biz
So lets say the new rule is in place that companies with turnover less than 77k will be taxed on turnover.
If I turnover 75k I will be taxed 20% i.e. 15k even if I had expenses of 30k whereas if I turnover 78k with 30k expenses I will only pay 9.6k??Tags: None
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