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KS Cleaning

  • Posts: 3952
Re: Who is semi retired/retired still getting a business income?
« Reply #40 on: March 12, 2023, 04:02:07 pm »
So would i. It’s no ideal but it’s still worthwhile. He’ll be back full time in a year or two when his youngest is a bit older.

His tax & ni comes out at source. He opts out of pension. There’s no employers ni to pay. He also gets topped up by the government in tax credits or something I think. It’s all legitimate. I might send him to clean fsg’s etc on rainy days. It’s not a zero hours contract.

 We still make a profit else I wouldn’t do it. There are the usual hickups which often makes we wonder if it’s worthwhile. But it is. Not saying I’ve got it nailed because I haven’t but I’ve employed him over 7 years now.

Just saying because some people are scared to employ or poo poo it because they’ve never done it. Or they didn’t give it anything like long enough etc etc.

I’ve been cleaning windows 31 years now. We’re all different but i know what I’m doing. I couldn’t earn some of the figures given on here but i do fine.
How is there no Employers NI to pay? You said he was was full time up until last year and you are hoping he is back to full time in a year or two. I think you might find if he is getting tax credits etc there isn’t any real incentive for him to go back full time, especially as you can’t give him a good wage because he only turns over around £50 per hour.

Simon Trapani

  • Posts: 1559
Re: Who is semi retired/retired still getting a business income?
« Reply #41 on: March 12, 2023, 04:18:27 pm »
No ni to pay as there’s an allowance & we’re under it.

Yes i agree there’s not much incentive due to the government topup. Haven’t been able to come up with a solution to that so far.

KS Cleaning

  • Posts: 3952
Re: Who is semi retired/retired still getting a business income?
« Reply #42 on: March 12, 2023, 05:13:52 pm »
No ni to pay as there’s an allowance & we’re under it.

Yes i agree there’s not much incentive due to the government topup. Haven’t been able to come up with a solution to that so far.
I get that you’re under it this year, but you couldn’t have been under it when he was working full time in previous years? Anyway good luck with it, hopefully you can get him working full time again by increasing  prices and working more efficiently to make it worthwhile for both of you.

Simon Trapani

  • Posts: 1559
Re: Who is semi retired/retired still getting a business income?
« Reply #43 on: March 12, 2023, 05:23:52 pm »
We’ve always been under it. Fact.

KS Cleaning

  • Posts: 3952
Re: Who is semi retired/retired still getting a business income?
« Reply #44 on: March 12, 2023, 06:01:06 pm »
We’ve always been under it. Fact.
Would you like to share how you’ve managed to stay under the threshold despite your employee being full time?

davids3511

  • Posts: 2506
Re: Who is semi retired/retired still getting a business income?
« Reply #45 on: March 12, 2023, 06:32:46 pm »
We’ve always been under it. Fact.
Would you like to share how you’ve managed to stay under the threshold despite your employee being full time?
Your talking about different things. Simon is talking about the employers ni allowance which I think covers ni up to 2.5k, you started talking about that but I think you have morphed to vat thresholds now. But I could be wrong.

NWH

  • Posts: 16952
Re: Who is semi retired/retired still getting a business income?
« Reply #46 on: March 12, 2023, 06:48:36 pm »
Listen I don’t  know what you are all on about it’s window cleaning you should be toppin out at 200 a day you lot of lying window lickers 🤣🤣🤣,believe it or not the country is not full of Coronation street type houses I’ve just taken on a new domestic i won’t say how much per clean because it just won’t be believed,people will pay for quality and I mean pay when they’ve had a dreadful service 2-3 times from crap cleaners.

Stoots

  • Posts: 6211
Re: Who is semi retired/retired still getting a business income?
« Reply #47 on: March 12, 2023, 06:59:00 pm »
We’ve always been under it. Fact.
Would you like to share how you’ve managed to stay under the threshold despite your employee being full time?

Employment allowance is 5k

He would have to paying an employee about 45k to cross the threshold. I will guess he is well under it.

KS Cleaning

  • Posts: 3952
Re: Who is semi retired/retired still getting a business income?
« Reply #48 on: March 12, 2023, 07:00:06 pm »
We’ve always been under it. Fact.
Would you like to share how you’ve managed to stay under the threshold despite your employee being full time?
Your talking about different things. Simon is talking about the employers ni allowance which I think covers ni up to 2.5k, you started talking about that but I think you have morphed to vat thresholds now. But I could be wrong.
We’re not talking about different things, I haven’t mentioned anything about VAT.  I’m talking about the Employers NI threshold. I’m miffed as to how he’s always managed to stay under it despite his employee previously working full time.

jo5hm4n

  • Posts: 948
Re: Who is semi retired/retired still getting a business income?
« Reply #49 on: March 12, 2023, 07:04:07 pm »
Honestly some of the garb on here is mind blowing.

I have first hand experience employing sending out workers who were doing 250-300 per day (up north) for atleast 5 years.

The profit was not fantastic but it was still more than viable after paying all expenses and paying staff a decent wage £20k+ per year going back a few years now.

Our figures are now better than this and we are heading slowly closer to 400 per day, but still you can definitely make a good enough profit up north with vans doing 250-300 per day.  Down south that would naturally equate to 400+ just on increased prices alone if nothing else.

all this talk of you need to be doing 500 a day.  No you don't.  If you can get achieve 500 per day then great, fantastic, spot on, keep going!  But im just saying its not absolutely necessary to hit these figures and still make fairly decent profit for an average business with employees.

Naturally any business that wants to grow big or improve constantly though you would want to aim for these figures longterm but it does not need to happen straight away is what im saying.

My goal now is just working towards getting staff to hit 350-400 up north every day which we are already doing with 1 of our vans consistently.

Simon Trapani

  • Posts: 1559
Re: Who is semi retired/retired still getting a business income?
« Reply #50 on: March 12, 2023, 07:09:12 pm »
KS have you ever employed?? Gotta love how people on this forum know more about my business than me!

Google ‘NI employers allowance’. I think it’s something like up to £5000 for the coming year. It’s gone up over the years. When i first employed him some years back the allowance was something like £2000. I’ve never paid employers NI. He’s never earned enough even when full time ffs!

I’m done with this thread now. Go use google.

Never been vat registered either. We don’t turnover enough to be near the threshold. I’m pretty much part time  myself also. Hope that answers all your questions. If it doesn’t, I don’t care! Read into it & think what you want.

NWH

  • Posts: 16952
Re: Who is semi retired/retired still getting a business income?
« Reply #51 on: March 12, 2023, 07:50:13 pm »
Honestly some of the garb on here is mind blowing.

I have first hand experience employing sending out workers who were doing 250-300 per day (up north) for atleast 5 years.

The profit was not fantastic but it was still more than viable after paying all expenses and paying staff a decent wage £20k+ per year going back a few years now.

Our figures are now better than this and we are heading slowly closer to 400 per day, but still you can definitely make a good enough profit up north with vans doing 250-300 per day.  Down south that would naturally equate to 400+ just on increased prices alone if nothing else.

all this talk of you need to be doing 500 a day.  No you don't.  If you can get achieve 500 per day then great, fantastic, spot on, keep going!  But im just saying its not absolutely necessary to hit these figures and still make fairly decent profit for an average business with employees.

Naturally any business that wants to grow big or improve constantly though you would want to aim for these figures longterm but it does not need to happen straight away is what im saying.

My goal now is just working towards getting staff to hit 350-400 up north every day which we are already doing with 1 of our vans consistently.

Employees that’s with everything that goes with it 4 weeks paid holiday sick days all the insurances the whole 9 yards use of a van etc,that figure you mention gets squashed.

NWH

  • Posts: 16952
Re: Who is semi retired/retired still getting a business income?
« Reply #52 on: March 12, 2023, 07:58:21 pm »
You say all this talk about so much out of a van etc is rubbish  you need to bare in mind that you still as the owner operator need to be earning at least what you were originally yourself to cover you’re own bills,then factor in all the extra costs and the profit needed you will end up getting all the work done quicker and earning less I know this happens I’ve been there before you need a far bigger daily figure in reality to what you think you will need when you first start off.
Bills and expenses are on a different level when you employ people,people will think yeah rightO when you say 300 is peanuts when you employ but in reality how far is that 300 gonna go lol fill the van up pay his wages for the day only 4 days left on that 300 a day to make a profit lol it’s not happening on planet earth. 

KS Cleaning

  • Posts: 3952
Re: Who is semi retired/retired still getting a business income?
« Reply #53 on: March 12, 2023, 08:18:21 pm »
We’ve always been under it. Fact.
Would you like to share how you’ve managed to stay under the threshold despite your employee being full time?

Employment allowance is 5k

He would have to paying an employee about 45k to cross the threshold. I will guess he is well under it.
Things must have changed since I employed, or the rules are different for Scotland? You didn’t get Employment allowance if you only had one employee. If memory serves me right, back then Employers NI threshold was around £120 per week. So if you paid an employee £200 per week £80 of that would be subject to Employers NI which was around 12% at the time.

Simon Trapani

  • Posts: 1559
Re: Who is semi retired/retired still getting a business income?
« Reply #54 on: March 12, 2023, 08:24:20 pm »
Well I’m in England & you must be out of date.

So what a waste of my time that was!

Anyway, back on topic for OP….

deeege

  • Posts: 5008
Re: Who is semi retired/retired still getting a business income?
« Reply #55 on: March 12, 2023, 10:50:58 pm »
Listen I don’t  know what you are all on about

Well stfu then and stop ruining every thread on here.
"....and it's lend me ten pounds, I'll buy you a drink, and mother wake me early in the morning."

jo5hm4n

  • Posts: 948
Re: Who is semi retired/retired still getting a business income?
« Reply #56 on: March 12, 2023, 11:46:09 pm »
You say all this talk about so much out of a van etc is rubbish  you need to bare in mind that you still as the owner operator need to be earning at least what you were originally yourself to cover you’re own bills,then factor in all the extra costs and the profit needed you will end up getting all the work done quicker and earning less I know this happens I’ve been there before you need a far bigger daily figure in reality to what you think you will need when you first start off.
Bills and expenses are on a different level when you employ people,people will think yeah rightO when you say 300 is peanuts when you employ but in reality how far is that 300 gonna go lol fill the van up pay his wages for the day only 4 days left on that 300 a day to make a profit lol it’s not happening on planet earth.


If you have ever actually properly employed atleast 2 or more full time vans/employees then you would know that most of what you are saying is just BS.  It's clear to me just the way you talk about it that you have never properly truly employed for any length of time.

It's not black and white.  There are multiples of factors involved.  I'm sorry but you just don't get it lol

NWH

  • Posts: 16952
Re: Who is semi retired/retired still getting a business income?
« Reply #57 on: March 13, 2023, 04:06:34 pm »
If your only doing something like 300 a day doesn’t sound like you know a lot yourself me old m8,if I wanted to earn 300 a day I’d be working part time
hours like a lot of others on here.
Lots of people know what’s right and wrong maybe they keep quiet I know for a fact a few do,I wouldn’t even contemplate employing on certain numbers being mentioned simply utterly not worth it.

AuRavelling79

  • Posts: 25382
Re: Who is semi retired/retired still getting a business income?
« Reply #58 on: March 13, 2023, 05:15:40 pm »
If your only doing something like 300 a day doesn’t sound like you know a lot yourself me old m8,if I wanted to earn 300 a day I’d be working part time
hours like a lot of others on here.
Lots of people know what’s right and wrong maybe they keep quiet I know for a fact a few do,I wouldn’t even contemplate employing on certain numbers being mentioned simply utterly not worth it.

Put a sock in it. You're clogging up this thread with constant reiteration of your same view.
It's a game of three halves!

Stoots

  • Posts: 6211
Re: Who is semi retired/retired still getting a business income?
« Reply #59 on: March 13, 2023, 05:56:49 pm »
If your only doing something like 300 a day doesn’t sound like you know a lot yourself me old m8,if I wanted to earn 300 a day I’d be working part time
hours like a lot of others on here.
Lots of people know what’s right and wrong maybe they keep quiet I know for a fact a few do,I wouldn’t even contemplate employing on certain numbers being mentioned simply utterly not worth it.

so a full time employee doing 300 a day isnt worth it ?

70k a year ?

you sure ?