Originally posted by AtW
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Mortgage holidays extended for up to six months
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"A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George Orwell -
Originally posted by Paddy View PostCorrect, but if you a "working" for a client co, you can't just pay dividends, you must have some form of PAYE
Whole employment system is so fooked in this countryComment
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Originally posted by ladymuck View PostHow is he doing ok on his warchest if he's dipping into money put aside to pay taxes? That's a huge concern. Did he not consider taking out a BBL? Applications are open to the end of the month IIRC.
I've heard of quite a few people resorting to their tax accounts to get by tbh.Comment
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Originally posted by Paddy View PostJanet and John go contracting.
John starts up a limited company and makes himself director.
Janet says, did you know that you are now an employee of your limited company because your limited company is a separate legal entity?
John answers no, I did not know that.
Some time later, John gets into difficulty and he can't find any new contracts, he wants to close his limited company.
Janet tells John, you have been paying yourself the minimum in salary and drawing dividends, however your limited company can still pay you a lump sum in redundancy if there is money in the account.
Redundancy? replies John.
Yes, you ignorant twat. Your limited company that you own can make you redundant. If you don't know how to do that, ask your accountant or transfer your limited company to me and I will fn do it.
John was still puzzled, there is no hope for some contractors.Comment
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Originally posted by Paralytic View PostIt's how things are - he's one of the many for whom no support is available other than via Universal Credit (once his assets have been burned enough to make him eligible).His heart is in the right place - shame we can't say the same about his brain...Comment
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