show me a single 1 man band that EARNS 80k a year. All your speculation about expenses and your 80k one man band doesnt seem to have any then
Agreed
I only earn 15k a year, and the missus too so 30k a year is what we extract from our business, imo any more than that and its just not worth it with the tax you start to pay on wages.
Now I am forecast for a turnover of 55k of actual money through the business March 2019, that's real turnover..not what my customer list says. I do on average 10-14 jobs per day, and work for the most part 4 days a week (could condense to 3 and a half, but no thanks I'm not killing myself again) if I was working 5 days a week, and killing it I would easily turn over 80k a year, but that's not earnings...the amount of tax on that would make you cry.
For the self employed people saying they earn ( take home) 50k or 60k a year, your tax bills must be astronomical as sole traders, and the payments on account would cripple you, but I bet if we were to see your personal tax returns it would show a much more conservative figure. Interesting that isn't it.