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NWH

  • Posts: 16952
Re: Budget Tax bracket
« Reply #20 on: March 05, 2021, 02:08:51 pm »
I wouldn’t need 4 vans to be earning 250k at my prices m8 have you been thinking about me again have you I can feel that you have,

deeege

  • Posts: 5008
Re: Budget Tax bracket
« Reply #21 on: March 05, 2021, 07:19:39 pm »
I wouldn’t need 4 vans to be earning 250k at my prices m8 have you been thinking about me again have you I can feel that you have,

You said last week that you have 3 staff all in their own vans. Talking 💩💩 as usual.
"....and it's lend me ten pounds, I'll buy you a drink, and mother wake me early in the morning."

davids3511

  • Posts: 2506
Re: Budget Tax bracket
« Reply #22 on: March 05, 2021, 07:41:13 pm »
I would say if you are at that point then go Ltd
I don’t think that’s necessarily good advice now. I’d bet with 25% corporation tax, 7.5% dividend tax plus the accountancy costs, I’d stay sole trader.
If I was earning 250k I wouldn't be too bothered about an extra 5% corp tax. Up to 50k and it's still 19%.

davids3511

  • Posts: 2506
Re: Budget Tax bracket
« Reply #23 on: March 05, 2021, 07:46:20 pm »
Unless they are franchising then they are staying under it 🤣🤣🤣

Have you come to terms with the corporation tax rise yet? Having 3 staff, 4 vans and the prices that you charge you must be over the £250k T/O and £50k  threshold?
Where are you getting 250k turn over, it's 250k profit to be taxed at 25% from what I can see.

NWH

  • Posts: 16952
Re: Budget Tax bracket
« Reply #24 on: March 05, 2021, 07:51:19 pm »
I wouldn’t need 4 vans to be earning 250k at my prices m8 have you been thinking about me again have you I can feel that you have,

You said last week that you have 3 staff all in their own vans. Talking 💩💩 as usual.

What’s the matter with you wanting to know all my business ok I’ve got a big house no mortgage and a rich wife,listen times are hard yeah very soon I’ll be having to make tuff decisions AMG BMW-M variant or an Audi RS variant.
There’s no way I’m travelling up to Scotland 🏴󠁧󠁢󠁳󠁣󠁴󠁿 to see KS on the train,at least I’ll have some sort of comfort on the way up he’s making me sleep in his shed although I might just kip in the car surrounded by leather.
If you’d like I can pick you up on the way from you’re caravan park where you live and you can blow me all the way up the M6 what do ya reckon,I used to have girls like you at school that used to pinch me and run away coz they liked me really you no what I mean m8 don’t you.
🤣🤣🤣🤣🤣🤣🤣🏴󠁧󠁢󠁳󠁣󠁴󠁿🏴󠁧󠁢󠁳󠁣󠁴󠁿🏴󠁧󠁢󠁳󠁣󠁴󠁿🏴󠁧󠁢󠁳󠁣󠁴󠁿🏴󠁧󠁢󠁳󠁣󠁴󠁿🏴󠁧󠁢󠁳󠁣󠁴󠁿🏴󠁧󠁢󠁳󠁣󠁴󠁿🏴󠁧󠁢󠁳󠁣󠁴󠁿🏌️‍♂️🏌️‍♂️🏌️‍♂️🏌️‍♂️🏌️‍♂️🏌️‍♂️🏌️‍♂️🏌️‍♂️🏌️‍♂️🏌️‍♂️🏌️‍♂️

deeege

  • Posts: 5008
Re: Budget Tax bracket
« Reply #25 on: March 05, 2021, 08:04:50 pm »
Unless they are franchising then they are staying under it 🤣🤣🤣

Have you come to terms with the corporation tax rise yet? Having 3 staff, 4 vans and the prices that you charge you must be over the £250k T/O and £50k  threshold?
Where are you getting 250k turn over, it's 250k profit to be taxed at 25% from what I can see.

It’s actually £50k upto £250k profit, it tapers from 19% to 25%.
"....and it's lend me ten pounds, I'll buy you a drink, and mother wake me early in the morning."

NWH

  • Posts: 16952
Re: Budget Tax bracket
« Reply #26 on: March 05, 2021, 08:37:51 pm »
You need to concentrate on what you’re doing m8 the only pound you want to worry about is the one in you’re pocket,do you ever think you’ll need to worry about those kind of figures lol.

deeege

  • Posts: 5008
Re: Budget Tax bracket
« Reply #27 on: March 05, 2021, 08:41:36 pm »
You need to concentrate on what you’re doing m8 the only pound you want to worry about is the one in you’re pocket,do you ever think you’ll need to worry about those kind of figures lol.

I’ve personally built 2 business that far exceed those figures thanks mate. Non were handed down on a plate from daddy either.
"....and it's lend me ten pounds, I'll buy you a drink, and mother wake me early in the morning."

NWH

  • Posts: 16952
Re: Budget Tax bracket
« Reply #28 on: March 05, 2021, 09:15:12 pm »
Ah ok I see lol you’ll know that the £ in the pocket at the end of the day is all that matters then.