Contractors

[underwriter]

rar badman

[Mame Biram Diouf]

rar badman

Winrar

[underwriter]

 

rar badman

Winrar

 

[Ephren Taylor]

You call that stress?

 

you aint seen nothing yet

 

rar...

 

I'm no bureaucrat...I hate filling in forms and having to draw for old pieces of paper n sheeeeeeeeeeeeeeet

 

My address is on my driving licence, which I carry around all day n***a ......why is this not enough lol.... why do you need my address to give me the money i've earned    

 

 

I just want to work (barely), get paid as much as possible, then live the rest of my liiiife

[The King]

What do you do in IT

[Ephren Taylor]

Software and hardware asset mgmt

 

/

 

Next... I need to find out the maximum I can put through for each category of expenses

 

I want to bully and abuse the system as much as possible

[Ephren Taylor]

Finally managed to create and submit an invoice under my own limited company lol

 

Anyone know what the threshold or limits are for expenses?

 

Previously, under an umbrella company, i could submit £10 per day for food without a receipt

 

Going forward.....Will I need to provide receipts for every single expense I want to claim on?

[Badman]

Theres quite a few bits you can put through on expenses without the need for receipts, is best to speak to your accountant to find out exactly what they are though

[Yoshie]

Ephren, you work in I.T?

What kind of role

[Ephren Taylor]

Thanks Badman

Will give him a call....Didnt think he would give me ALL the info, if u know what I mean.....Just the basic legit stuff

 

I want to milk the whole system lol

 

/

 

 

 

Ephren, you work in I.T?
What kind of role

 

 

I'm a software & hardware asset manager

[Badman]

A good accountant will be very shrewd and will know how to play the system

 

You will be very surprised the kind of stuff you can get away with 

[Swiftie]

A good accountant will be very shrewd and will know how to play the system

You will be very surprised the kind of stuff you can get away with

Half of the house bills were covered off at one time. I miss the milking but the security of perm is more important now.

[Badman]

False sense of security 

[dub]

If I'm only operating for 2 months as self-employed, do I still have to pay NI for the rest of the year?

[Badman]

always depends how much money you take in

[dub]

ok, say I made £10k in 2 months

 

then shut that down

will they want me to pay it for the other 10 months?

[Badman]

Doesnt work like that 

 

Tax is always calculated over the financial year

[dub]

Oh right. I just remember when I had to sort out self-assessment before (for rented property income) and they charged me for national insurance (before I cleared up that I shouldn't have to pay it), but they charged me a flat fee for a period of time, instead of a percentage.

 

But just checked and that's if you're earning less than a certain amount.

 

 

Actually yeah, if its charged at £2.80 a week, and I earn less than £5k.Then shut down after 2 months. Shouldn't I be able to not pay for the rest of the year?

[Badman]

tbh im not 100% sure when it comes to self assessment however if you dont earn above a certain threshold over the financial year then you dont have to pay tax + contributions

 

not sure what the brackets are but they are very similar to salary earners 

 

so for example if you earn 10k over the whole tax year and nothing more then you wont have to pay any contributions

 

Also remember you pay tax yearly when you do your self assessment as a sole trader 

[Niall Ferguson]

If I'm only operating for 2 months as self-employed, do I still have to pay NI for the rest of the year?

 

Tax advice? Really, on VIP2?

[Yoshie]

 

If I'm only operating for 2 months as self-employed, do I still have to pay NI for the rest of the year?

 

Tax advice? Really, on VIP2?

 

 

In a topic on contracting and tax.

Well I never

[JOHN DOE]

think hes trying to say is vip2 really the best place to seek tax advice and he possibly may have a point

[Yoshie]

Nothing wrong with getting advice from people on here, the forum ain't just about pics of amber rose / watches.

I'd guess (hope) anyone asking questions in this thread are also seeking advice elsewhere.

[Mame Biram Diouf]

Swear Nial turns over 100k a year with his business?

This is a great place to ask imo.

[Badman]

Dont see anything wrong in asking for advice on here there are a few heads that are in the know when it comes to the subject matter in question

 

/

 

A company turning over x amount of money doesn't mean much tbh