Clean It Up
UK Floor Cleaning Forum => Carpet Cleaning Forum => Topic started by: Alex on December 31, 2003, 04:54:08 pm
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I'm hope for some feedback on a making my business limited as I've got a great problem. My wife just told me on Christmas day she 6 weeks pregnant ;D ;D ;D
I was talking to a chat in the pub and he tells me if I become limited I'd recieve some benefits, however, he didn't know the details. Anyone know what benefits I'd get and if it's worth going ltd?
Cheers
Alex
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Hi Alex
The Limited Company issue sounded great but I have always had my reservations ...the Chancellor is too canny a fellow to give money away.
Low and behold, he has now recognised that there is a tax loophole which he intends to close in the budget next year.
Contact your local benefits office for the lowdown on any entitlements, I don't think going Limited will make that much difference. A lot is down to your wife's employment.
Congratulations....looks like its going to be a productive year for you in 2004.
Both my daughters have informed us recently that they are both pregnant, babies due around June/July
Kind regards
Derek
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Cheers Derek.
I'll give them a buzz on Monday.
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WHO? Tax office or the daughters :o
Not really......knew carpet cleaners could be a friendly bunch but .......... ;)
Congratulations to all expecting parties........surprising how late night work will seem so attractive soon ;D
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I ahve been ltd before and will again.
Talk to your accountant (prefrebly one who is Ltd also) they will be able to tell you all the advantages, like earning £10,000 before you pay tax. Lets also not forget that with a ltd company you pay for everything with pre tax money and the government only tax you on any profit (if you choose to have one that is)
Regards
Martin 8)