The Pay Out

essexandy said:
Well I only recently went from ltd back to self-employed, so I'll get fuckall as I understand it. My son worked for the ltd company so doesn't have accounts for one year let alone three, he'll also get fuckall.
All donations gratefully received.
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I willsend u a free day ticket to fish the loch if it helps
 
Vincey said:
Anyone think that in June we’re gonna end up with absolutely sod all off government, since this cov19 kicked off I been off and had no other thoughts about the money but three weeks in and by the looks of it many more weeks in lockdown and what looks like no plaster available then either after June seems far too long away and the thought of getting jack is not good
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I think you’ll be fine if the furlough scheme is anything to go by.
I’ve got sat lads sat at home and the repayment scheme is very easy to navigate, I’ve filled all the paperwork out for my lot to submit on Monday and I’ll be reimbursed within 5 days from submission.
 
I’ll be honest with the kids i thought it would be hard stuck in with them but it’s been the opposite and I’m starting to like them again, the wife however...
 
The Pay Out
 
Vincey said:
Anyone think that in June we’re gonna end up with absolutely sod all off government, since this cov19 kicked off I been off and had no other thoughts about the money but three weeks in and by the looks of it many more weeks in lockdown and what looks like no plaster available then either after June seems far too long away and the thought of getting jack is not good
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Well what’s yours net profit? £15k at a guess. Less 20%, then it’s taxed at a rate we’ve not been told yet. So at best it’s the hypothetical £15k less 40%. £200 a week. To cover everything. Mortgage, insurances, gas elec, food. You’ve got to last for months until you get that hand out. Which isn’t guaranteed in June by the way. Then, you’ve got to go out and try and earn when everyone else is desperate to try and get back on their feet.
Good luck.
 
Rossi46 said:
Well what’s yours net profit? £15k at a guess. Less 20%, then it’s taxed at a rate we’ve not been told yet. So at best it’s the hypothetical £15k less 40%. £200 a week. To cover everything. Mortgage, insurances, gas elec, food. You’ve got to last for months until you get that hand out. Which isn’t guaranteed in June by the way. Then, you’ve got to go out and try and earn when everyone else is desperate to try and get back on their feet.
Good luck.
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Well that's cheered him up!
 
Rossi46 said:
Well what’s yours net profit? £15k at a guess. Less 20%, then it’s taxed at a rate we’ve not been told yet. So at best it’s the hypothetical £15k less 40%. £200 a week. To cover everything. Mortgage, insurances, gas elec, food. You’ve got to last for months until you get that hand out. Which isn’t guaranteed in June by the way. Then, you’ve got to go out and try and earn when everyone else is desperate to try and get back on their feet.
Good luck.
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Totally agree,who puts more than £15k down as taxable earnings who's self employed? Not many at a guess or you wouldn't get a decent rebate,all those that have gone by the book,literally will be licking there lips and fair play to them..any lads out there that are guna get the upto £2500k a month 4 doing nowt?
 
Pl plastering said:
Totally agree,who puts more than £15k down as taxable earnings who's self employed? Not many at a guess or you wouldn't get a decent rebate,all those that have gone by the book,literally will be licking there lips and fair play to them..any lads out there that are guna get the upto £2500k a month 4 doing nowt?
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doing nowt is worse than working
 
Pl plastering said:
Totally agree,who puts more than £15k down as taxable earnings who's self employed? Not many at a guess or you wouldn't get a decent rebate,all those that have gone by the book,literally will be licking there lips and fair play to them..any lads out there that are guna get the upto £2500k a month 4 doing nowt?
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I haven't got the balls to only put through 15k profit. My mortgage is 6k a year, food for the family is 6k a year (500 a month) with 3 kids. Thats 12k what about everything else?

Surely minimum profit is got be around 25k?

Lads who get investigated for putting through minimum wage is there own fault.

And in this case it's there own fault if they get a shite payout.

I don't do any Cis ......

Then on the other hand if we don't get our payout in June, then good on the lads that pay f**k all in tax.
 
JohnDoe said:
I haven't got the balls to only put through 15k profit. My mortgage is 6k a year, food for the family is 6k a year (500 a month) with 3 kids. Thats 12k what about everything else?

Surely minimum profit is got be around 25k?

Lads who get investigated for putting through minimum wage is there own fault.

And in this case it's there own fault if they get a shite payout.

I don't do any Cis ......

Then on the other hand if we don't get our payout in June, then good on the lads that pay f**k all in tax.
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I get a cracking rebate as I pay cis tax then claim it all back then pay corp tax in feb 2021
 
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