Clean It Up
UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: Niall McAllister on March 30, 2009, 12:08:03 pm
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from a different thread
no i dont declair everything like 99% of people here, and 99% of business that take cash, big or small.
i earn as much as i can to give my family a good lifestyle
just wondered, do 99% of us break the law?
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I even declare the cups of tea/coffee and chocolate biscuits i get given ;D
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I even note down and declare the pennies I find in the street 8)
I see that the yes's have it then (so far)
My word, how honest you all are.....
You are not going to get many straight answers on this poll.....
Ian
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i declare im the best window cleaner ;D
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I'm sure that you're working for the Inland Revenue sent out on a covert operation to infiltrate the world of the window cleaning mafia and report back to your leaders everything you find out.
Dawn raids are iminent; children's piggy banks will be seized and the whole operation will be declared a success ::).
Contact me for payment and I'll make you an offer you can't refuse ;) ;) ;)
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.......................................................................no
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Yes...everything...have just got my first mortgage and will be transferring to another provider when this 1 is up...so need good 'working' books for the first 5 years of trading.....
After that...I'll review it all ;)
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I dunno bout declaring all and sundry but i definitely put down my adult channels subs as a stress reliever. Well,if they can..............so can i ;D
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can you get tax relief on sky adult channels ?
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bizzarly , today we were given a box of fancy chocolate shortcake biscuits !
not sure if they are a late or slightly early xmas tip !!
they will be dunked , and ( not ) declared !
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we have to pay tax? uh oh ;D
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i think i may go legit ;D
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i think i may go legit ;D
:D, I like that you used the word 'may' like your just not quite convinced if the hype and hysteria is true.
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richywilts got a load of flak for a similar posted topic a few days back :-X
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foxy no you dont say whats his thread called
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richywilts got a load of flak for a similar posted topic a few days back :-X
and its still going, did you not sense the humour with the smilly ;D
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I declare that I hate my wife!
(I bet you, you don't know what film that line is from?)
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I just googled that, and do you believe there is a www.ratemywifey.com site :o
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i declare that everybody who said they do dont ;D ;D ;D ;D ;D
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I declare everything, my business is run as honestly as humanly possible.
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i declare im a poor window cleaner
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I declare everything, my business is run as honestly as humanly possible.
What vehicle do you use and how do you account for your non business use private mileage?
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I declare everything, my business is run as honestly as humanly possible.
and cash, tips, air miles, nector points??mmmmmm
one less for yes??
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I do declare the lot, not worth doing otherwise, and I don't worry about getting caught out.
I use a van for work and a car for personal.
The Tax system allows for you to claim for allsorts (not liquorice ones) so there's no need really to fiddle. All my tools go through the books cos I do use them on the van, got my driveway done through the co cos I need it for the van.
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Im sure the majority here agree with investing in their business to secure your future. Well my investment into my business involves running it legitimately and paying the investment of taxes!
This way I assure the future of my business and my ability to operate my firm! Plus the taxes we pay go towards schools, fire engines, roads, hospitals, all these things are an investment for my future health and prosperity, and I for one are willing for the government to have it.
I wouldn't be able to walk if it wasn't for the NHS, and if I couldn't walk, I wouldn't be able to work!
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I declare everything. I also make sure that I put every legit expense down too - even a few pence to park while cleaning or quoting.
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i declare there is some porkies being told
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basically i declare everything and on the other hand i claim for everything (business wise) down to even a new bootlace then let the accountant sort it out.. :)
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Plus the taxes we pay go towards schools, fire engines, roads, hospitals, all these things are an investment for my future health and prosperity, and I for one are willing for the government to have it.
They also go to daft wars in Iraq, Afganistan, working out exit policies for both places; porn for MPs husbands, MPs second homes (when they live closer to Parliment than the second home they're claiming for); and lots of other naff stuff too.
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I just googled that, and do you believe there is a www.ratemywifey.com site :o
I can beat that
http://www.ratemypoo.com/today.html
;D
Dont even think about asking
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i declare that everybody who said they do dont ;D ;D ;D ;D ;D
You know, I believe you before anyone else. Even those guys who employ; there's loads of 'cash in hand bonuses' to be given there.
It's easily possible to pay the minimum wage, say 30 hours a week, so they get the full wack of Tax Credits; then 'bonus them' in cash when they meet their targets.
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I,m getting £23,000 pounds per year allowance off the taxpayers, to let my wife watch blue movies................................................Oooh very topical!
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richywilts got a load of flak for a similar posted topic a few days back :-X
and its still going, did you not sense the humour with the smilly ;D
ladder garder; many of the later humorous comments were off topic and meant in a jocular manner :). most of the early replies to richywilts thread were serious and some were hostile >:(.
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matt oakley i looked at that, now ive done a little sick in my mouth :-X
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foxy no you dont say whats his thread called
Haha, nearly spat my food out ;D ;D
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I do declare the lot, not worth doing otherwise, and I don't worry about getting caught out.
I use a van for work and a car for personal.
The Tax system allows for you to claim for allsorts (not liquorice ones) so there's no need really to fiddle. All my tools go through the books cos I do use them on the van, got my driveway done through the co cos I need it for the van.
Do you claim 100% business use for your tools & drive or do you use either for any other purpose?
You may use or need them but is that use/need 100% exclusive? :D
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foxy no you dont say whats his thread called
Haha, nearly spat my food out ;D ;D
there are some dry n's ;)
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I,m getting £23,000 pounds per year allowance off the taxpayers, to let my wife watch blue movies................................................Oooh very topical!
And he could have just clicked on redtube and got it all for free. DON'T YOU DARE.
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I,m getting £23,000 pounds per year allowance off the taxpayers, to let my wife watch blue movies................................................Oooh very topical!
And he could have just clicked on redtube and got it all for free. DON'T YOU DARE.
;D
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If I built an extension on my house for an office, would I be able to claim tax on that?
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If I built an extension on my house for an office, would I be able to claim tax on that?
It's not often I say this, but that's definately a case of 'get an accountant'; and there'll be stuff like capital gains to consider if you claim for building an office and sell for a profit in the future. Or maybe you die... what's the implactions then?
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I have a very good accountant who is contactable anytime of the day/night.
The only instructions I have given him is, I do not want to pay tax, so now he makes sure that my tax liablity is as small as legally possible.
For this his fee is well worthwhile.
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I have a very good accountant who is contactable anytime of the day/night.
The only instructions I have given him is, I do not want to pay tax, so now he makes sure that my tax liablity is as small as legally possible.
For this his fee is well worthwhile.
I want to pay tax; I want to pay LOADS AND LOADS AND LOADS OF TAX; the more the better.
I'd love to pay £10,000,000 in tax!
Why?
Because you pay tax on your profit and the more tax you pay, the more profit you've made.
If you pay little or no tax, you've made little or no profit.
Or you've lied.
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My tax bill is fairly average; but I do work with Wor Lass and she uses her tax allowance as well!
:-[
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I pay tax but if my accountant can find legal ways to kept this to a minimum who am I to complain 8)
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I pay tax but if my accountant can find legal ways to kept this to a minimum who am I to complain 8)
As far as I know accountants don't have any magic wands to be able to reduce your tax bill.
Can you give me an example of how yours reduces yours?
I mean turnover minus expenses equals profit; full stop.
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Hydro,
I see you're Ltd; I've just noticed; now I know next to nothing about Ltd companies (apart from a few general facts); so maybe in your case you could be correct with regards to an accountant.
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Tosh
My accountant advised me to go Ltd to reduce my tax liablity, I do not know all of the loop holes but one was because i am Ltd I pay myself my yearly tax allowance (£6250) as my wage which is free from Income Tax and National Insurance, I then can also take out of the company £25000 in Tax Free Dividends.
I do have to pay corporartion tax of 21% but unlike income tax which increases from 20% to 40% when I reach £34000, the corporation tax rate 21% is upto £2000000.
I am also thinking of buying property both here and abroad which the company will own, but because I own the company I therefore own the property, but it is tax deductable.
There is also something about moving this property into a SIBS pension which is also tax favaurably.
I don't pretend to know all of the loop holes thats why I am only a window and carpet cleaner. ::)
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I pay tax but if my accountant can find legal ways to kept this to a minimum who am I to complain 8)
As far as I know accountants don't have any magic wands to be able to reduce your tax bill.
Can you give me an example of how yours reduces yours?
I mean turnover minus expenses equals profit; full stop.
One small thing that can help is to buy large capital items near the end of an accounting year. They may then be used to offset tax from the start of the accounting year that you are in (i.e. backdate 11 and a bit months). That way you start getting tax relief a year sooner than if you had waited a couple more weeks. Also, the opposite can apply. You can delay offsetting capital items as long as you wish if you wouldn't have paid much tax anyway for the year that you bought something. There is now a way of ofsetting the whole of certain items in year one as well (enterprise allowance?? or something like that) though I don't think it applies to vehicles.