Clean It Up
UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: ftp on October 29, 2008, 07:44:35 pm
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Anyone understand them? I pay class 2 about £2.80 a week - yippee! But, i also have to pay class 4 on my tax return ??? I used to be employed so it's a bit double dutch to me.
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If you're self-employed
* you pay 'Class 2' NICs at a flat rate weekly amount of £2.30
* you also pay 'Class 4' NICs as a percentage of your taxable profits - you pay eight per cent on annual taxable profits between £5,435 and £40,040 and one per cent on any taxable profit over that amount
off the direct.gov.uk website :)
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You learn something new everyday. :)
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so tax isnt just 20% you got ni on top too !! :(
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Oh yes, two lots.
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have you got a good accountant? if not get 1 mine only charge me about £250 a year does all my final tax stuff tells me wot 2 pay
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Yes i have an accountant it's just something i didn't spot when she went through my tax return. She is so thorough that i tend to get lost at times with the jargon and speed she works, so i sit there and nod my head then forget most of it when i walk out her front door. ::)
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have you got a good accountant? if not get 1 mine only charge me about £250 a year does all my final tax stuff tells me wot 2 pay
250 about right,my wifes an accountant :D :D :D :D
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have you got a good accountant? if not get 1 mine only charge me about £250 a year does all my final tax stuff tells me wot 2 pay
250 about right,my wifes an accountant :D :D :D :D
Always an advantage ;)