Originally posted by EternalOptimist
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Self Assessment - not enough money to pay?
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Originally posted by Diestl View PostAfter corp tax?
Its a VERY rough calc, but it works for me.
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(>'.'<)
("")("") Born to Drink. Forced to WorkComment
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Originally posted by Jubber View PostEvery divi I pay is split. 60% to me 40% to the 'tax' savings account. Come Hector's payday I give him his pound of flesh and usually there is a little tickle left over for me.Proud owner of +5 Xeno Geek PointsComment
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How about not spending every single penny of your income every month? Haven't you got a couple of quid in a savings account?Comment
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I hate the self-assessment. Takes me three hours working out that I owe them 96 pence.
Trying the online one this year. Couldn't be arsed getting the paper one in for October (so they've a head start with the investigations no doubt), and hopefully it'll do all the damn calculations for me, most of which just end up cancelling each other out.
How do I 'get away' with only pennies to pay?
- take divvies but avoid going into top tax band (so corp tax takes care of that one)
- pay minimum wage (so PAYE takes care of that one)
- claim rest I need as expenses
Also helps to build up a war chest (by leaving the excess in the company account) for potential prolonged bench time or for losing on dodgy plan Bs.Feist - 1234. One camera, one take, no editing. Superb. How they did it
Feist - I Feel It All
Feist - The Bad In Each Other (Later With Jools Holland)Comment
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Originally posted by SallyAnne View PostDo you normally take divvies out of your company to pay your Self Assesment bill?
Or are you more organised than that, putting money aside in your personal bank account?
Has anyone ever not had enough money to pay? What did you do?Comment
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Originally posted by ratewhore View PostSallyAnne, is this post connected to a post you made some time back where you said you spend what you turnover and then when your tax bill is due you start saving for it?The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”Comment
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Get a flexible mortgage if you can, it solves a lot of problems in terms of cashflow.The cycle of life: born > learn > work > learn > dead.Comment
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