FabSwingers.com > Forums > Politics > Rishi Sunak...
Rishi Sunak...
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"Is he a Vulcan? He has the look of Spock about him..."
That is a logical conclusion.
Caroline Lucas also has the look of a Vulcan.
I suppose people will call for Fedexit if a Klingon or Romulan turns up in the Foreign Office.... |
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He's in his current job because he's a yes-man for Boris and Cummings when Javid wouldn't be.
Perhaps we should wait a little while to see if he has any backbone or ideas of his own before we talk about him being PM. |
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By *eavenNhellCouple
over a year ago
carrbrook stalybridge |
"He's in his current job because he's a yes-man for Boris and Cummings when Javid wouldn't be.
Perhaps we should wait a little while to see if he has any backbone or ideas of his own before we talk about him being PM. "
ideas of his own having delivered the most labour budget the conservatives have ever put out |
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"He's in his current job because he's a yes-man for Boris and Cummings when Javid wouldn't be.
Perhaps we should wait a little while to see if he has any backbone or ideas of his own before we talk about him being PM. ideas of his own having delivered the most labour budget the conservatives have ever put out "
True, already a sense those to the left are going to hate him.  |
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"He's in his current job because he's a yes-man for Boris and Cummings when Javid wouldn't be.
Perhaps we should wait a little while to see if he has any backbone or ideas of his own before we talk about him being PM. "
How do you know he’s a yes man? |
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He's a fucking ventriloquist's dummy. He even parrots other people's catchphrases like one.
He's not in charge of the economy, either. Boris was when Sunak was appointed - and now the virus is dictating terms. |
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We have no money to spend for 10 years because of a financial crisis (allegedly) and then rishi finds 330 billion...so were Osborne and Hammond lying or is Rishi the new Paul Daniels/David Blaine? |
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By (user no longer on site)
over a year ago
|
"He's in his current job because he's a yes-man for Boris and Cummings when Javid wouldn't be.
Perhaps we should wait a little while to see if he has any backbone or ideas of his own before we talk about him being PM. ideas of his own having delivered the most labour budget the conservatives have ever put out
True, already a sense those to the left are going to hate him. "
I suspect your definition of "the left" is not anywhere close to the true left. |
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By *ercuryMan
over a year ago
Grantham |
"We have no money to spend for 10 years because of a financial crisis (allegedly) and then rishi finds 330 billion...so were Osborne and Hammond lying or is Rishi the new Paul Daniels/David Blaine? "
We will be borrowing upto 15% of our GDP. This is a national and international crisis, and normal fiscal borrowing rules no longer apply. |
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By (user no longer on site)
over a year ago
|
"We have no money to spend for 10 years because of a financial crisis (allegedly) and then rishi finds 330 billion...so were Osborne and Hammond lying or is Rishi the new Paul Daniels/David Blaine? "
Sure we're borrowing it at a higher rate since our credit rating was downgraded for leaving the EU
Brexit benefit |
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By *ercuryMan
over a year ago
Grantham |
"We have no money to spend for 10 years because of a financial crisis (allegedly) and then rishi finds 330 billion...so were Osborne and Hammond lying or is Rishi the new Paul Daniels/David Blaine?
Sure we're borrowing it at a higher rate since our credit rating was downgraded for leaving the EU
Brexit benefit "
The UK lost its AAA rating in 2013. |
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"We have no money to spend for 10 years because of a financial crisis (allegedly) and then rishi finds 330 billion...so were Osborne and Hammond lying or is Rishi the new Paul Daniels/David Blaine?
We will be borrowing upto 15% of our GDP. This is a national and international crisis, and normal fiscal borrowing rules no longer apply. "
Somebody really ought to have been explaining that to the same Tory party about the 2008 financial crisis then...Labour did not create it then as the Tories haven't created coronavirus now. |
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By (user no longer on site)
over a year ago
|
"We have no money to spend for 10 years because of a financial crisis (allegedly) and then rishi finds 330 billion...so were Osborne and Hammond lying or is Rishi the new Paul Daniels/David Blaine?
Sure we're borrowing it at a higher rate since our credit rating was downgraded for leaving the EU
Brexit benefit
The UK lost its AAA rating in 2013."
And then..... Come on..... |
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"We have no money to spend for 10 years because of a financial crisis (allegedly) and then rishi finds 330 billion...so were Osborne and Hammond lying or is Rishi the new Paul Daniels/David Blaine?
We will be borrowing upto 15% of our GDP. This is a national and international crisis, and normal fiscal borrowing rules no longer apply.
Somebody really ought to have been explaining that to the same Tory party about the 2008 financial crisis then...Labour did not create it then as the Tories haven't created coronavirus now."
Exactly! After all, who de-regulated the banks in 1997?! |
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By (user no longer on site)
over a year ago
|
"We have no money to spend for 10 years because of a financial crisis (allegedly) and then rishi finds 330 billion...so were Osborne and Hammond lying or is Rishi the new Paul Daniels/David Blaine?
We will be borrowing upto 15% of our GDP. This is a national and international crisis, and normal fiscal borrowing rules no longer apply.
Somebody really ought to have been explaining that to the same Tory party about the 2008 financial crisis then...Labour did not create it then as the Tories haven't created coronavirus now.
Exactly! After all, who de-regulated the banks in 1997?!"
********************
The wannabe cretin Mr. Gordon Brown...!!
Eva |
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By *asyukMan
over a year ago
West London |
"We have no money to spend for 10 years because of a financial crisis (allegedly) and then rishi finds 330 billion...so were Osborne and Hammond lying or is Rishi the new Paul Daniels/David Blaine?
We will be borrowing upto 15% of our GDP. This is a national and international crisis, and normal fiscal borrowing rules no longer apply.
Somebody really ought to have been explaining that to the same Tory party about the 2008 financial crisis then...Labour did not create it then as the Tories haven't created coronavirus now.
Exactly! After all, who de-regulated the banks in 1997?!"
Why Rishi Sunak for Prime Minister?
Your thread.
Dance for us. |
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"For Prime minister! You heard it here first! 
Yes
Why?
Very easy to understand
If you are able to use words rather than mind waves then it might be.
Why?"
I’ve learned not to get hooked in to your particular style of patronising questioning.
|
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By *asyukMan
over a year ago
West London |
"For Prime minister! You heard it here first!
Yes
Why?
Very easy to understand
If you are able to use words rather than mind waves then it might be.
Why?
I’ve learned not to get hooked in to your particular style of patronising questioning.
"
How can it conceivably be patronising to ask why Rishi Sunak should be Prime Minister?
Do you not know why you think that or are you just unable to explain?
The OP doesn't seem able to either.
All a bit weird  |
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By (user no longer on site)
over a year ago
|
"For Prime minister! You heard it here first!
Yes
Why?
Very easy to understand
If you are able to use words rather than mind waves then it might be.
Why?"
He seems very bright, energetic, young, handsome I guess & from an ethnic background that will resonate with the younger voters. |
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By *mmabluTV/TS
over a year ago
upton wirral |
I confess did not know much about but he seems very articulate and someone you can have confidence in whereas I feel Boris is out of his depth and probably wishes he did not have the job of PM |
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By (user no longer on site)
over a year ago
|
"I confess did not know much about but he seems very articulate and someone you can have confidence in whereas I feel Boris is out of his depth and probably wishes he did not have the job of PM"
Actually, as far a Boris goes going on the past, I don't think he doing that badly really. |
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By *asyukMan
over a year ago
West London |
"For Prime minister! You heard it here first!
Yes
Why?
Very easy to understand
If you are able to use words rather than mind waves then it might be.
Why?
He seems very bright, energetic, young, handsome I guess & from an ethnic background that will resonate with the younger voters. "
He looks and sounds pretty? That is rather the extent of our requirements though.
Having said that, where do Trump and BoJo fit in there? Just telling the lies people want to hear? Perhaps he needs to add that to his repertoire?
You have answered for someone else though.
I'm interested in the opinion of people I asked. They seem so reluctant |
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By *asyukMan
over a year ago
West London |
"He's a "yes" man though, not like those guys on the labour front bench! No sir!
Why should Sunak be Prime Minister.
Dance for us. Dance.Is this your new catchphrase? "
Only for the OP. He likes to post things that make people dance.
Do get involved if you feel you need to |
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By (user no longer on site)
over a year ago
|
"no probs.
Having a stalker is unsettling, buy I guess I'll get used to it.
Do you have an opinion on the topic of the thread?"
I can guess his opinion.
Support the Tories unquestioningly. Any form of dissent is to be ridiculed.
Something like that? |
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By (user no longer on site)
over a year ago
|
"He's a "yes" man though, not like those guys on the labour front bench! No sir!
Why should Sunak be Prime Minister.
Dance for us. Dance.Is this your new catchphrase? "
********************
|
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By *ostafunMan
over a year ago
near ipswich |
"no probs.
Having a stalker is unsettling, buy I guess I'll get used to it.
Do you have an opinion on the topic of the thread?"
Yes of course im more than happy with Boris in charge no need for another pm for another 10 years at least. |
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By (user no longer on site)
over a year ago
|
"no probs.
Having a stalker is unsettling, buy I guess I'll get used to it.
Do you have an opinion on the topic of the thread?Yes of course im more than happy with Boris in charge no need for another pm for another 10 years at least."
He won’t last 10 years, |
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By (user no longer on site)
over a year ago
|
"He's in his current job because he's a yes-man for Boris and Cummings when Javid wouldn't be.
Perhaps we should wait a little while to see if he has any backbone or ideas of his own before we talk about him being PM. ideas of his own having delivered the most labour budget the conservatives have ever put out
True, already a sense those to the left are going to hate him. "
He’s an ex banker. He knows if the masses don’t have money to spend and so pay bills, the banks go under. The irony is the successive Tory budgets and policies have left the masses impoverished so ruin is a pay packet away.
Interesting the aid for England FAR outweighs that for the devolved governments- that’ll hang badly. |
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By *asyukMan
over a year ago
West London |
No money for the self employed until June.
How does that help those living hand to mouth stay at home?
He's also going to increase tax on the self employed without providing anymore security and after numbers have shot up after 2008.
Hmmm. |
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By (user no longer on site)
over a year ago
|
"Didn't help people who work through a ltd company claiming they only earn minimum pay, whilst paying very little tax on their dividends either! What about those poor souls?!"
Corporation tax of 19% and then 7.5% dividend tax on earnings above £2000.
If you go into higher rate then it’s 19% corp and 32.5% dividend tax so 51.5%.
Higher rate paye is 40% but the NI is reduced to 2% so only 42%.
So 26.5% at least, less then paye but once you add in the cost of overheads that need to be paid for from earned income, insurance, accounting etc, late or no payment risks, no holiday or sick, all the unpaid hours doing the admin it’s not the bed of Rosie’s the sad envious ones envisage. |
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"Didn't help people who work through a ltd company claiming they only earn minimum pay, whilst paying very little tax on their dividends either! What about those poor souls?!
Corporation tax of 19% and then 7.5% dividend tax on earnings above £2000.
If you go into higher rate then it’s 19% corp and 32.5% dividend tax so 51.5%.
Higher rate paye is 40% but the NI is reduced to 2% so only 42%.
So 26.5% at least, less then paye but once you add in the cost of overheads that need to be paid for from earned income, insurance, accounting etc, late or no payment risks, no holiday or sick, all the unpaid hours doing the admin it’s not the bed of Rosie’s the sad envious ones envisage."
Sounds like you need a better accountant. |
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By (user no longer on site)
over a year ago
|
"Didn't help people who work through a ltd company claiming they only earn minimum pay, whilst paying very little tax on their dividends either! What about those poor souls?!
Corporation tax of 19% and then 7.5% dividend tax on earnings above £2000.
If you go into higher rate then it’s 19% corp and 32.5% dividend tax so 51.5%.
Higher rate paye is 40% but the NI is reduced to 2% so only 42%.
So 26.5% at least, less then paye but once you add in the cost of overheads that need to be paid for from earned income, insurance, accounting etc, late or no payment risks, no holiday or sick, all the unpaid hours doing the admin it’s not the bed of Rosie’s the sad envious ones envisage.
Sounds like you need a better accountant. "
Really?
Make your mind up, are you a sarcastic, sad and envious moaner or are you a tax avoiding but somehow still sad, envious or just sarcastic |
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"No money for the self employed until June.
How does that help those living hand to mouth stay at home? "
The self employed usually have a reputation for being resilient, savvy, innovative. I should know, I hear it. I'm self employed as are the majority of people I work with.
If I was skint until June I might consider going to the bank and asking for a loan. Imagine that? A service that could provide you with money on a temporary basis?
I might ask for the mortgage holiday or the rent holiday that Rishi has put on the table. I might look at how little I then need to spend because I can't go anywhere so no travel costs, no holidays, no boozy nights out getting a £40 taxi at 3am. No non-essential home maintenance etc etc.
"He's also going to increase tax on the self employed without providing anymore security and after numbers have shot up after 2008.
Hmmm."
I have always paid whatever taxes HMRC have taken from me. They give me a tax code the same as the employed. I pay it. If they add something like Class4 NI I pay. I have to.
If they alter NI contributions I'll have to pay those too.
You say "...without providing anymore security..." what do you think this rescue package is? It's not candy floss.
"Dance for us" - please consider myself excluded from your 'us'.
It makes you look ridiculous.
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By (user no longer on site)
over a year ago
|
"Didn't help people who work through a ltd company claiming they only earn minimum pay, whilst paying very little tax on their dividends either! What about those poor souls?!
Corporation tax of 19% and then 7.5% dividend tax on earnings above £2000.
If you go into higher rate then it’s 19% corp and 32.5% dividend tax so 51.5%.
Higher rate paye is 40% but the NI is reduced to 2% so only 42%.
So 26.5% at least, less then paye but once you add in the cost of overheads that need to be paid for from earned income, insurance, accounting etc, late or no payment risks, no holiday or sick, all the unpaid hours doing the admin it’s not the bed of Rosie’s the sad envious ones envisage.
Sounds like you need a better accountant. "
Or is it that facts ruin your bigotry |
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By *asyukMan
over a year ago
West London |
"No money for the self employed until June.
How does that help those living hand to mouth stay at home?
The self employed usually have a reputation for being resilient, savvy, innovative. I should know, I hear it. I'm self employed as are the majority of people I work with.
If I was skint until June I might consider going to the bank and asking for a loan. Imagine that? A service that could provide you with money on a temporary basis?
I might ask for the mortgage holiday or the rent holiday that Rishi has put on the table. I might look at how little I then need to spend because I can't go anywhere so no travel costs, no holidays, no boozy nights out getting a £40 taxi at 3am. No non-essential home maintenance etc etc.
He's also going to increase tax on the self employed without providing anymore security and after numbers have shot up after 2008.
Hmmm.
I have always paid whatever taxes HMRC have taken from me. They give me a tax code the same as the employed. I pay it. If they add something like Class4 NI I pay. I have to.
If they alter NI contributions I'll have to pay those too.
You say "...without providing anymore security..." what do you think this rescue package is? It's not candy floss.
"Dance for us" - please consider myself excluded from your 'us'.
It makes you look ridiculous.
"
I have been self-employed. The banks were always trying to force overdrafts on me.
Resilient with deep savings.
I wasn't doing multiple minimum wage jobs though. I wasn't just keeping my head above water.
That's not resilience. That's desperation at the best of times.
What a heartless response. What a tough guy.
If you choose to earn in exactly the same as an employee without any of the benefits, then that's your choice, bit as you are so "savvy" that's got to be a smart move.
I'm delighted not to be associated with you |
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By (user no longer on site)
over a year ago
|
"A quick calculation ...
Employee:
£50,000 salary - tax payable c. £7,500
Director (basic+dividend method)
£12,000 basic salary + £38,000 dividend - tax payable c. £2,700
"
Plus £7220 corporation tax on the £38k
So £9920
The employed would also have NI to pay that would, as I said take his total cost higher then the owner director but only by a relatively small amount and once you add the other costs risk etc in the employed in a lot of cases are better off |
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"A quick calculation ...
Employee:
£50,000 salary - tax payable c. £7,500
Director (basic+dividend method)
£12,000 basic salary + £38,000 dividend - tax payable c. £2,700
Plus £7220 corporation tax on the £38k
So £9920
The employed would also have NI to pay that would, as I said take his total cost higher then the owner director but only by a relatively small amount and once you add the other costs risk etc in the employed in a lot of cases are better off"
Dividends are profits that are remaining after all business expenses and liabilities, plus any Corporation Tax and VAT have been paid. So the gross profit will already have been efficiently taxed.
I’m sure if it wasn’t the most efficient tax method for LLC Directors the majority of accounting professionals wouldn’t recommend it? |
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By (user no longer on site)
over a year ago
|
"A quick calculation ...
Employee:
£50,000 salary - tax payable c. £7,500
Director (basic+dividend method)
£12,000 basic salary + £38,000 dividend - tax payable c. £2,700
Plus £7220 corporation tax on the £38k
So £9920
The employed would also have NI to pay that would, as I said take his total cost higher then the owner director but only by a relatively small amount and once you add the other costs risk etc in the employed in a lot of cases are better off
Dividends are profits that are remaining after all business expenses and liabilities, plus any Corporation Tax and VAT have been paid. So the gross profit will already have been efficiently taxed.
I’m sure if it wasn’t the most efficient tax method for LLC Directors the majority of accounting professionals wouldn’t recommend it?"
The expenses are paid from earned income that an employee wouldn’t be paying, so you can’t just compare the tax rates as though nothing else is a factor.
At one time it was very advantageous to be incorporated but the advantages have been reduced and almost nullified, I’m talking about a proper business, multiple customers and suppliers not someone working full time for the bbc, for example, with no risk and virtually no overhead.
The limited liability is why a lot of people with businesses are still Ltd |
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"A quick calculation ...
Employee:
£50,000 salary - tax payable c. £7,500
Director (basic+dividend method)
£12,000 basic salary + £38,000 dividend - tax payable c. £2,700
Plus £7220 corporation tax on the £38k
So £9920
The employed would also have NI to pay that would, as I said take his total cost higher then the owner director but only by a relatively small amount and once you add the other costs risk etc in the employed in a lot of cases are better off
Dividends are profits that are remaining after all business expenses and liabilities, plus any Corporation Tax and VAT have been paid. So the gross profit will already have been efficiently taxed.
I’m sure if it wasn’t the most efficient tax method for LLC Directors the majority of accounting professionals wouldn’t recommend it?
The expenses are paid from earned income that an employee wouldn’t be paying, so you can’t just compare the tax rates as though nothing else is a factor.
At one time it was very advantageous to be incorporated but the advantages have been reduced and almost nullified, I’m talking about a proper business, multiple customers and suppliers not someone working full time for the bbc, for example, with no risk and virtually no overhead.
The limited liability is why a lot of people with businesses are still Ltd"
I’m also talking about a “proper business”
The advice offered by accountants still remains that the most efficient way for a director to be paid from their Ltd company is by basic salary and dividend. |
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By (user no longer on site)
over a year ago
|
"A quick calculation ...
Employee:
£50,000 salary - tax payable c. £7,500
Director (basic+dividend method)
£12,000 basic salary + £38,000 dividend - tax payable c. £2,700
Plus £7220 corporation tax on the £38k
So £9920
The employed would also have NI to pay that would, as I said take his total cost higher then the owner director but only by a relatively small amount and once you add the other costs risk etc in the employed in a lot of cases are better off
Dividends are profits that are remaining after all business expenses and liabilities, plus any Corporation Tax and VAT have been paid. So the gross profit will already have been efficiently taxed.
I’m sure if it wasn’t the most efficient tax method for LLC Directors the majority of accounting professionals wouldn’t recommend it?
The expenses are paid from earned income that an employee wouldn’t be paying, so you can’t just compare the tax rates as though nothing else is a factor.
At one time it was very advantageous to be incorporated but the advantages have been reduced and almost nullified, I’m talking about a proper business, multiple customers and suppliers not someone working full time for the bbc, for example, with no risk and virtually no overhead.
The limited liability is why a lot of people with businesses are still Ltd
I’m also talking about a “proper business”
The advice offered by accountants still remains that the most efficient way for a director to be paid from their Ltd company is by basic salary and dividend."
If you read what I posted I also said you would be marginally better of for the purposes of taxation, not the massive margin you illustrated and you loose the advantages of being employed. |
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"A quick calculation ...
Employee:
£50,000 salary - tax payable c. £7,500
Director (basic+dividend method)
£12,000 basic salary + £38,000 dividend - tax payable c. £2,700
Plus £7220 corporation tax on the £38k
So £9920
The employed would also have NI to pay that would, as I said take his total cost higher then the owner director but only by a relatively small amount and once you add the other costs risk etc in the employed in a lot of cases are better off
Dividends are profits that are remaining after all business expenses and liabilities, plus any Corporation Tax and VAT have been paid. So the gross profit will already have been efficiently taxed.
I’m sure if it wasn’t the most efficient tax method for LLC Directors the majority of accounting professionals wouldn’t recommend it?
The expenses are paid from earned income that an employee wouldn’t be paying, so you can’t just compare the tax rates as though nothing else is a factor.
At one time it was very advantageous to be incorporated but the advantages have been reduced and almost nullified, I’m talking about a proper business, multiple customers and suppliers not someone working full time for the bbc, for example, with no risk and virtually no overhead.
The limited liability is why a lot of people with businesses are still Ltd
I’m also talking about a “proper business”
The advice offered by accountants still remains that the most efficient way for a director to be paid from their Ltd company is by basic salary and dividend.
If you read what I posted I also said you would be marginally better of for the purposes of taxation, not the massive margin you illustrated and you loose the advantages of being employed."
You are still an employee of the Ltd company and on PAYE |
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By (user no longer on site)
over a year ago
|
"A quick calculation ...
Employee:
£50,000 salary - tax payable c. £7,500
Director (basic+dividend method)
£12,000 basic salary + £38,000 dividend - tax payable c. £2,700
Plus £7220 corporation tax on the £38k
So £9920
The employed would also have NI to pay that would, as I said take his total cost higher then the owner director but only by a relatively small amount and once you add the other costs risk etc in the employed in a lot of cases are better off
Dividends are profits that are remaining after all business expenses and liabilities, plus any Corporation Tax and VAT have been paid. So the gross profit will already have been efficiently taxed.
I’m sure if it wasn’t the most efficient tax method for LLC Directors the majority of accounting professionals wouldn’t recommend it?
The expenses are paid from earned income that an employee wouldn’t be paying, so you can’t just compare the tax rates as though nothing else is a factor.
At one time it was very advantageous to be incorporated but the advantages have been reduced and almost nullified, I’m talking about a proper business, multiple customers and suppliers not someone working full time for the bbc, for example, with no risk and virtually no overhead.
The limited liability is why a lot of people with businesses are still Ltd
I’m also talking about a “proper business”
The advice offered by accountants still remains that the most efficient way for a director to be paid from their Ltd company is by basic salary and dividend.
If you read what I posted I also said you would be marginally better of for the purposes of taxation, not the massive margin you illustrated and you loose the advantages of being employed.
You are still an employee of the Ltd company and on PAYE"
And we finally come back to the sarcastic comments of the OP that drew me into this meaningless conversation, we are not classed as employees and able to access the retention scheme and we are also not self employed.
I’m not posting any more on this so fill your boots
|
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"A quick calculation ...
Employee:
£50,000 salary - tax payable c. £7,500
Director (basic+dividend method)
£12,000 basic salary + £38,000 dividend - tax payable c. £2,700
Plus £7220 corporation tax on the £38k
So £9920
The employed would also have NI to pay that would, as I said take his total cost higher then the owner director but only by a relatively small amount and once you add the other costs risk etc in the employed in a lot of cases are better off
Dividends are profits that are remaining after all business expenses and liabilities, plus any Corporation Tax and VAT have been paid. So the gross profit will already have been efficiently taxed.
I’m sure if it wasn’t the most efficient tax method for LLC Directors the majority of accounting professionals wouldn’t recommend it?
The expenses are paid from earned income that an employee wouldn’t be paying, so you can’t just compare the tax rates as though nothing else is a factor.
At one time it was very advantageous to be incorporated but the advantages have been reduced and almost nullified, I’m talking about a proper business, multiple customers and suppliers not someone working full time for the bbc, for example, with no risk and virtually no overhead.
The limited liability is why a lot of people with businesses are still Ltd
I’m also talking about a “proper business”
The advice offered by accountants still remains that the most efficient way for a director to be paid from their Ltd company is by basic salary and dividend.
If you read what I posted I also said you would be marginally better of for the purposes of taxation, not the massive margin you illustrated and you loose the advantages of being employed.
You are still an employee of the Ltd company and on PAYE
And we finally come back to the sarcastic comments of the OP that drew me into this meaningless conversation, we are not classed as employees and able to access the retention scheme and we are also not self employed.
I’m not posting any more on this so fill your boots
"
ok.
Im sure there will be many directors who are now wishing they had been less tax efficient. |
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"I have been self-employed. The banks were always trying to force overdrafts on me...
What a heartless response...
I'm delighted not to be associated with you "
If you felt the banks were 'trying to force overdrafts on [you]' that is unfortunate. However, they simply cannot 'force' an overdraft on you.
They may ask if you want one and you decline. You shouldn't feel victim.
And my response was not heartless. I was merely illustrating an avenue for revenue in case there's not enough cotton wool to wrap around us all.
Too many people don't see the opportunities we here in this first world western country have available to us.
You're welcome Easy. |
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By *asyukMan
over a year ago
West London |
"I have been self-employed. The banks were always trying to force overdrafts on me...
What a heartless response...
I'm delighted not to be associated with you
If you felt the banks were 'trying to force overdrafts on [you]' that is unfortunate. However, they simply cannot 'force' an overdraft on you.
They may ask if you want one and you decline. You shouldn't feel victim.
And my response was not heartless. I was merely illustrating an avenue for revenue in case there's not enough cotton wool to wrap around us all.
Too many people don't see the opportunities we here in this first world western country have available to us.
You're welcome Easy."
It was a figure of speech.
Lots of people seem to struggle with those in this forum.
Not surprising that you didn't address theain point but chose to focus on a detail.
Another characteristic of many who post here.
Well done in seeing the "opportunities" available to those who were barely earning enough to survive before and now will not receive anything until June if they which to do the right thing for themselves and others by staying at home.
Your sunny disposition and unbounded warmth is something we could all aspire to |
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There's only so much of myself I'm prepared to give to any one forum thread Easy and I've given it here.
Take it, leave it, do what you want with it - tomorrow's chip-paper an' all that.
Moving on, in response to the Op's original post, well done!
As BoJo has contracted Covid-19, I understand from BBC News that Rishi will deputise.
Good work! |
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"There's only so much of myself I'm prepared to give to any one forum thread Easy and I've given it here.
Take it, leave it, do what you want with it - tomorrow's chip-paper an' all that.
Moving on, in response to the Op's original post, well done!
As BoJo has contracted Covid-19, I understand from BBC News that Rishi will deputise.
Good work!"
An able deputy. |
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By (user no longer on site)
over a year ago
|
Isn't it great that anyone who practices Corbynism is a hero unless it's Corbyn himself?
When Corbyn suggested using borrowed money to lift the common man, he was told he would bankrupt the country and did he have a magic money tree?
He we are not four months later handing out the money we were told didn't exist?
Or is everyone in such a state of relief they don't care. |
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"Isn't it great that anyone who practices Corbynism is a hero unless it's Corbyn himself?
When Corbyn suggested using borrowed money to lift the common man, he was told he would bankrupt the country and did he have a magic money tree?
He we are not four months later handing out the money we were told didn't exist?
Or is everyone in such a state of relief they don't care."
You don't think that the situation has changed some what in four months? Get a grip. |
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By (user no longer on site)
over a year ago
|
"Isn't it great that anyone who practices Corbynism is a hero unless it's Corbyn himself?
When Corbyn suggested using borrowed money to lift the common man, he was told he would bankrupt the country and did he have a magic money tree?
He we are not four months later handing out the money we were told didn't exist?
Or is everyone in such a state of relief they don't care.
You don't think that the situation has changed some what in four months? Get a grip. "
The situation may have changed but money that was postulated as being impossible to borrow is now being borrowed - and if it was going to bankrupt us then it will still bankrupt us now.
Some people are like starry eyed teenage girls with their first crush. Can't see through the wool over their eyes.
|
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By *ostafunMan
over a year ago
near ipswich |
"There's only so much of myself I'm prepared to give to any one forum thread Easy and I've given it here.
Take it, leave it, do what you want with it - tomorrow's chip-paper an' all that.
Moving on, in response to the Op's original post, well done!
As BoJo has contracted Covid-19, I understand from BBC News that Rishi will deputise.
Good work!"
No dominic rabb is next in line not rishi. |
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"There's only so much of myself I'm prepared to give to any one forum thread Easy and I've given it here.
Take it, leave it, do what you want with it - tomorrow's chip-paper an' all that.
Moving on, in response to the Op's original post, well done!
As BoJo has contracted Covid-19, I understand from BBC News that Rishi will deputise.
Good work!No dominic rabb is next in line not rishi."
Ah that’s a shame he’s my starry eyed crush. |
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By (user no longer on site)
over a year ago
|
"There's only so much of myself I'm prepared to give to any one forum thread Easy and I've given it here.
Take it, leave it, do what you want with it - tomorrow's chip-paper an' all that.
Moving on, in response to the Op's original post, well done!
As BoJo has contracted Covid-19, I understand from BBC News that Rishi will deputise.
Good work!No dominic rabb is next in line not rishi."
Does it make much difference which head regrows to replace the one that was chopped off? |
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"There's only so much of myself I'm prepared to give to any one forum thread Easy and I've given it here.
Take it, leave it, do what you want with it - tomorrow's chip-paper an' all that.
Moving on, in response to the Op's original post, well done!
As BoJo has contracted Covid-19, I understand from BBC News that Rishi will deputise.
Good work!No dominic rabb is next in line not rishi.
Ah that’s a shame he’s my starry eyed crush. "
.... and I like his tailored suits 
|
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By (user no longer on site)
over a year ago
|
"There's only so much of myself I'm prepared to give to any one forum thread Easy and I've given it here.
Take it, leave it, do what you want with it - tomorrow's chip-paper an' all that.
Moving on, in response to the Op's original post, well done!
As BoJo has contracted Covid-19, I understand from BBC News that Rishi will deputise.
Good work!No dominic rabb is next in line not rishi.
Ah that’s a shame he’s my starry eyed crush.
.... and I like his tailored suits
"
You better. We all paid for them! |
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By (user no longer on site)
over a year ago
|
"A quick calculation ...
Employee:
£50,000 salary - tax payable c. £7,500
Director (basic+dividend method)
£12,000 basic salary + £38,000 dividend - tax payable c. £2,700
Plus £7220 corporation tax on the £38k
So £9920
The employed would also have NI to pay that would, as I said take his total cost higher then the owner director but only by a relatively small amount and once you add the other costs risk etc in the employed in a lot of cases are better off
Dividends are profits that are remaining after all business expenses and liabilities, plus any Corporation Tax and VAT have been paid. So the gross profit will already have been efficiently taxed.
I’m sure if it wasn’t the most efficient tax method for LLC Directors the majority of accounting professionals wouldn’t recommend it?
The expenses are paid from earned income that an employee wouldn’t be paying, so you can’t just compare the tax rates as though nothing else is a factor.
At one time it was very advantageous to be incorporated but the advantages have been reduced and almost nullified, I’m talking about a proper business, multiple customers and suppliers not someone working full time for the bbc, for example, with no risk and virtually no overhead.
The limited liability is why a lot of people with businesses are still Ltd
I’m also talking about a “proper business”
The advice offered by accountants still remains that the most efficient way for a director to be paid from their Ltd company is by basic salary and dividend.
If you read what I posted I also said you would be marginally better of for the purposes of taxation, not the massive margin you illustrated and you loose the advantages of being employed.
You are still an employee of the Ltd company and on PAYE
And we finally come back to the sarcastic comments of the OP that drew me into this meaningless conversation, we are not classed as employees and able to access the retention scheme and we are also not self employed.
I’m not posting any more on this so fill your boots
ok.
Im sure there will be many directors who are now wishing they had been less tax efficient."
Well if the government was sincere about everyone self isolating they would have protected everyone. But since they haven't, don't be surprised if Directors are putting the risk of financial ruin before the risk of spreading COVID-19.
Really worried about people dying of the virus but not worried enough to swallow their pride and buy ventilators with hhe EU. Brexit first. Lives second. |
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"There's only so much of myself I'm prepared to give to any one forum thread Easy and I've given it here.
Take it, leave it, do what you want with it - tomorrow's chip-paper an' all that.
Moving on, in response to the Op's original post, well done!
As BoJo has contracted Covid-19, I understand from BBC News that Rishi will deputise.
Good work!No dominic rabb is next in line not rishi.
Ah that’s a shame he’s my starry eyed crush.
.... and I like his tailored suits
You better. We all paid for them! "
Good to the see the money is being well spent |
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By *ostafunMan
over a year ago
near ipswich |
"There's only so much of myself I'm prepared to give to any one forum thread Easy and I've given it here.
Take it, leave it, do what you want with it - tomorrow's chip-paper an' all that.
Moving on, in response to the Op's original post, well done!
As BoJo has contracted Covid-19, I understand from BBC News that Rishi will deputise.
Good work!No dominic rabb is next in line not rishi.
Does it make much difference which head regrows to replace the one that was chopped off?"
i suppose not if you are someone who doesn't like facts |
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By (user no longer on site)
over a year ago
|
"There's only so much of myself I'm prepared to give to any one forum thread Easy and I've given it here.
Take it, leave it, do what you want with it - tomorrow's chip-paper an' all that.
Moving on, in response to the Op's original post, well done!
As BoJo has contracted Covid-19, I understand from BBC News that Rishi will deputise.
Good work!No dominic rabb is next in line not rishi.
Does it make much difference which head regrows to replace the one that was chopped off?i suppose not if you are someone who doesn't like facts "
Wait what! Now all of a sudden you're interested in facts? Stop everything. This is big news (if true).
So how do these Tories differ? That all have similar voting records and similar opinions. |
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By (user no longer on site)
over a year ago
|
"There's only so much of myself I'm prepared to give to any one forum thread Easy and I've given it here.
Take it, leave it, do what you want with it - tomorrow's chip-paper an' all that.
Moving on, in response to the Op's original post, well done!
As BoJo has contracted Covid-19, I understand from BBC News that Rishi will deputise.
Good work!No dominic rabb is next in line not rishi.
Does it make much difference which head regrows to replace the one that was chopped off?i suppose not if you are someone who doesn't like facts
Wait what! Now all of a sudden you're interested in facts? Stop everything. This is big news (if true).
So how do these Tories differ? That all have similar voting records and similar opinions."
It is true. Everyone went outside and clapped. We had fireworks. |
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