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  1. Y = X + (0.138*(X-169)) + (0.005*X) + (0.0039*X)...

    Y = X + (0.138*(X-169)) + (0.005*X) + (0.0039*X) + 18

    Then work that back to:
    x = (y + 5.322)/1.1469

    Where Y is the amount paid to them. X becomes the amount paid to you.

    Employer NIC =...
  2. OK, employer NICs, etc are added on to a salary -...

    OK, employer NICs, etc are added on to a salary - a normal employee wouldn't see them, so what umbrella companies do is back calculate. They'll have a spreadsheet that will work it all out for them.
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    Sticky: Who likes particular numbers?

    Who likes particular numbers?
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    Sticky: What's the word for someone

    What's the word for someone
  5. Replies
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    Sticky: And thinking

    And thinking
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    Sticky: But waiting

    But waiting
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    Sticky: Just about to see what's in the fridge for lunch.

    Just about to see what's in the fridge for lunch.
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    Breaking news: EVERYONE at John Lennon Airport...

    Breaking news: EVERYONE at John Lennon Airport have just been placed into quarantine.
    Imagine! All the people.
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    Sticky: A bit slow, but we'll let you off. Temp up to...

    A bit slow, but we'll let you off.

    Temp up to 24C now, I've just filled a demijohn with yesterday's pressing. It's bubbling away quite vigorously for one so young. Oh, and yes, it's full on...
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    Probably getting a good accountant.

    Probably getting a good accountant.
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    Sticky: Oh look, a palipage :yay:

    Oh look, a palipage
    :yay:
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    Sticky: Morning all :wave: Blue skis, but a chilly 14C...

    Morning all :wave:
    Blue skis, but a chilly 14C out
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    Sticky: TFBSZ :wave:

    TFBSZ :wave:
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    I reckon the priest was right.

    I reckon the priest was right.
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    Gore-Tex: Inventor of waterproof fabric Robert...

    Gore-Tex: Inventor of waterproof fabric Robert Gore dies aged 83 - BBC News
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    Sticky: 2 bushels of apples that I picked yesterday have...

    2 bushels of apples that I picked yesterday have now been cleaned, chopped, crushed and pressed, producing just for 5l of juice.

    Time to get a demijohn out...
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    Sorry to hear that Pogle :hugs:

    Sorry to hear that Pogle :hugs:
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    Sticky: Morning all :wave: A bit overcast out there,...

    Morning all :wave:

    A bit overcast out there, will head out for a walk shortly
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    Sticky: TFBSZ :wave:

    TFBSZ :wave:
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    Sticky: Various cuttings have been taken: 4x purple...

    Various cuttings have been taken:
    4x purple magnolia (Probably won’t take, wrong time of year)
    4x white dwarf magnolia (see above)
    4x front door rose
    4x mum rose (white one bought and planted...
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    Sticky: Morning all :wave: The Wife (tm) has taken The...

    Morning all :wave:

    The Wife (tm) has taken The Dog (tw) for a walk.
    Looks like a nice day out, I suspect I shall be gardening. :)

    One of the heirloom tomatoes of this year’s crop (grown on...
  22. Thread: Imploded

    by WTFH
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    Congratulations on the job, if it doesn’t work...

    Congratulations on the job, if it doesn’t work out you can always go back to contracting if you so desire. That’s the joy of having an open mind, you can change it.

    As for the name of the forum,...
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    Sticky: TFBSZ :wave:

    TFBSZ :wave:
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    That sounds a bit Dim.

    That sounds a bit Dim.
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    Poll: If only George hadn't slayed the dragon...

    If only George hadn't slayed the dragon...
  26. Thread: Umbrella Co query

    by WTFH
    Replies
    5
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    202

    Hi Nick, welcome to the forum. AVOID anyone...

    Hi Nick, welcome to the forum.

    AVOID anyone that is offering something other than PAYE. When they start to have to explain, or drip feed "payments" in various ways, chances are they are either...
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    Nothing to do with business strategy or charity,...

    Nothing to do with business strategy or charity, everything to do with being part of society, being civil, being human.

    I've no desire to be the richest man in the graveyard, nor having to live my...
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    I'd rather not. I doubt there'd be room enough in...

    I'd rather not. I doubt there'd be room enough in your chalet for me and your ego.
    I'm happy with living in the UK and then not coming on here obsessed with rates and past "efficiencies" that don't...
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    If we're to believe his posts, in 2017 he earned...

    If we're to believe his posts, in 2017 he earned £193,200 + VAT @20%.



    That would be invoicing the client £231,840. Which, if my maths is correct, is over £230,000. That would mean he was not...
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    You're here, so it's not that smart anymore.

    You're here, so it's not that smart anymore.
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    After a man is ridiculed online for using a live...

    After a man is ridiculed online for using a live snake as a face mask, No 10 admits it was a mistake inviting Chris Grayling to a Cobra meeting.
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    Was just reading about a man, possibly on here,...

    Was just reading about a man, possibly on here, who has a new magic fitness watch and got all the way to downloading & signing up to an ovulation-monitoring app before realising that “cycle tracker”...
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    VAT Flat Rate Scheme : Join or leave the scheme -...

    VAT Flat Rate Scheme : Join or leave the scheme - GOV.UK


    That would imply you've deliberately committed tax fraud for multiple years, and you're boasting about it.
  34. Do you mean you (personally) have been offered a...

    Do you mean you (personally) have been offered a job, but you want to put it through your company?
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    Except, if you work more than 250 days per year...

    Except, if you work more than 250 days per year at £600 per day, you'd not be able to claim flat rate VAT
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    Sticky: Morning all :wave: CBS, etc

    Morning all :wave:

    CBS, etc
  37. Replies
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    Sticky: Washed down with a bottle of Babylonstoren Babel

    Washed down with a bottle of Babylonstoren Babel
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    Sticky: The other half of the courgette pie for dinner :)

    The other half of the courgette pie for dinner :)
  39. Thread: Salary Change

    by WTFH
    Replies
    13
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    691

    Minor point to add, while you get an accountant,...

    Minor point to add, while you get an accountant, also make sure you have the tax code correct for your permanent job.
  40. I'd rather not. She's been dead a few years

    I'd rather not. She's been dead a few years
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    If it's genuinely only a small dividend, then...

    If it's genuinely only a small dividend, then just leave it in this year.

    If you're being economical with the truth, then other posters have offered you the right advice.
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    Sticky: Interesting (or not) If you click on a link in...

    Interesting (or not)

    If you click on a link in a Telegram message on an iPad and it's to a Twitter post, the connection is seen by Twitter as Safari opening it on a Mac
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    Sticky: For us, a 7.40am flight out of LGW means leaving...

    For us, a 7.40am flight out of LGW means leaving home at 5.30. The same flight out of LHR means leaving before 5am. :eek:
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    Sticky: Email from BA a few mins ago to say our flights...

    Email from BA a few mins ago to say our flights to Italy in December have been changed, so instead of departing LGW we're now out of LHR.
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    If you're in lockdown, you're only allowed a...

    If you're in lockdown, you're only allowed a maximum of 5 people replying to your posts.
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    https://live.staticflickr.com/65535/49902599602_b4...

    https://live.staticflickr.com/65535/49902599602_b43fd9cddd_b.jpg
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    Sticky: Morning all :wave: CBS, etc. Pleasant walk...

    Morning all :wave:

    CBS, etc. Pleasant walk earlier, but the area is so dry, the mushrooms are not growing normally.
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    Sticky: TFBSZ :wave:

    TFBSZ :wave:
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    What size bareboat were you on?

    What size bareboat were you on?
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    Arguments require contrary positions.

    Arguments require contrary positions.
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