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£400K tax bill

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    #11
    Originally posted by TheFaQQer View Post
    Salary £8k
    Pension £32k
    Gross Profit £10k
    Corporation tax £2k
    Net profit £2k

    Pay our £5k in dividends and you leave £3k in the company
    Profit? 2k expenses and you don't pay any tax at all. An accountant, insurance, website, etc should get you there.
    The greatest trick the devil ever pulled was convincing the world that he didn't exist

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      #12
      Originally posted by LondonManc View Post
      Profit? 2k expenses and you don't pay any tax at all. An accountant, insurance, website, etc should get you there.
      Also bring your kids up free using tax credits because you don't 'earn' anything and pension doesn't count

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        #13
        Originally posted by LondonManc View Post
        Profit? 2k expenses and you don't pay any tax at all. An accountant, insurance, website, etc should get you there.
        You would need £10k in expenses to get the profit to zero and hence paying no corporation tax. An unlikely scenario though, it’s contractors taking the p1ss that have caused the problems we have today.
        "The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." Cicero

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          #14
          Originally posted by NotAllThere View Post
          4x? INKSPE.
          yep they pay their cleaners £20 an hour !
          Always forgive your enemies; nothing annoys them so much.

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            #15
            Originally posted by TheFaQQer View Post
            Salary £8k
            Pension £32k
            Gross Profit £10k
            Corporation tax £2k
            Net profit £2k

            Pay our £5k in dividends and you leave £3k in the company
            How many days do you bill a year?
            http://www.cih.org/news-article/disp...housing_market

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              #16
              Originally posted by PurpleGorilla View Post
              How many days do you bill a year?
              It varies from year to year. I always aim to work no more than 9 months of the year - some years I manage to do that, some years I work more than that because I can.

              I'd guess at between 160 and 220 feels about right.
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