Farmer Saint

That's his way of getting his former login talked about. Classic narcissistic behaviour.

Brown sauce only...

Don't think you'd call him an established PL player now TBF. All he proved this season was that he was not good enough for the PL, and that he also has a bad attitude. He did prove however, that he only seems to be able to play in a Russell Martin system.

What is the reason for PLC rather than LTD? Limited is so easy, and you can just get your accountant to do it all. What type of business are you running?

Thanks, that's the detail I wanted. Yes, seems you got stiffed a bit there, it's a little like the TAAR rule for entrepreneurs relief.

"Bought" v "Brought". Scum of the earth.

Who says that? Illegal migrants should be sent back from whence they came. Asylum Seekers should be looked after (however they get here) as long as their asylum claims are valid.

Yeah, pay up to NI threshold and take the rest in dividends. Tax burdens for dividends now have increased (or the amount you can take tax free certainly has) - and also you need to take into account that they will pay corporation tax on all profits before that. The tax burden is lower, but you do have the risk, not being paid for holidays or sickness, no pension etc. The dicks who try to cheat the system are the ones that spoil it for the rest.

Ish...I think the issue is the honesty part of it as much as the tax laws as such. Expenses are not expenses, but some people take the piss. Unless you're going to audit everyone though it's very hard to track.

I thought it was a capital expenditure issue, not income? Sorry, I just don't get it. However, your accountant, who interpreted it that way, should have been liable for any loss.

Yes, but unless you're planning on the flat tax at 45% it's much less. My argument is that people on 45% can afford to take some of the tax burden of those less well off. The cost of living crisis, which is the title of this thread, would be far worse for far more people with a flat rate tax.

That's got nothing to do with not trying harder to get more out of your company. That's an issue with how the tax authorities apply tax law.

But that is what happens - that's effectively what is happening with progressive tax.

Probably fair considering the quality of players they had to play with.

I'm with you. I would prefer any money I don't need (and if you're talking about 45% tax you don't "need" it to have a good life) to be funnelled to those less fortunate and who do need it, which is effectively what you're doing.

Eh? Then you must have not paid correct tax in previous years. The Tax Man can't steal something you don't owe, or you can take them to court. I know, because I did it when contracting in the early 10's.

The more you move up, and the more you earn the better paid per hour that work becomes...it's where delegation comes in.

I'm aware, thank you, but that's like saying "it's R Kelly, not P Diddy".

I'm a farmer now, but not in a previous life, hence why I am a Non-Exec on a couple of Tech SME boards. And behave, I'm not some ruddy cheeked, gout ridden 60 old farmer, thank you very much 😂

No, you're giving nearly half any additional wage. That's just tax though - shit happens. 50% of a lot of money is still a lot of money.

Surely if you were going to invest back in the business you'd have kept it in the business, otherwise you'd have had to have paid additional tax on it?

Surprising result last night in Scotland - excellent result for Labour considering incumbent governments never seem to do well in by-elections.

This is awesome 😎

Car allowance, for Non-Exec? No, I get renumeration for time on each board, but car allowance doesn't tend to be something you get for that, and that money gets re-invested into the farm.

I get that, I really do, and it shouldn't. But as Non-Exec board member, it unfortunately does matter.