GSS Window Cleaning
Well-known member
- Messages
- 307
- Location
- Birmingham
How much to you guys put aside for tax a week? I'm saving £50 a week but this seems too cheap? Really stressing me out trying to work out my books
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Once you get more customers 15k will be a distant memoryI don't get what you mean plus my wages 11k? I worked it out 20k gross deduct 5 k expenses leave 15 profit deduct the 11k tax free so leaves 4k to be taxed on so yeah £800 tax bill plus national insurance. So in theory I've made 15k a year??? I may as well quit now as I'll never get a mortgage on 15k lol
Whoa. This is the myth put about by the "divide and conquer" brigade who want to keep running the country. Just to be clear and put some actual facts into the mix - if you're on benefits you get MOST of your rent paid, but you have to pay some of it from the pittance you get from the dole office (admittedly, in SOME cases, the percentage is 0 but mostly there's a deduction from the dole to pay towards the rent).That's the only problem you'll come up against with getting a mortgage.
I also haven't got a mortgage yet and won't get one until I start showing more profit.
But to show more profit you want to minimise your expenses. That's the stupid system we live in. Those on benefits get there rent paid for and those who choose to graft get to pay a load of tax and skint themselves trying to get on the property ladder.
Depends on what you mean by "comfortably" I suppose :hey:Maybe the rich are a much bigger problem but that doesn't escape the fact you can live comfortably on benefits.
That's true - and you're right, it's a stupid system.Point was it's hard to get a mortgage when self employed as you have to show a higher profit margin for 3 years so if you are not earning that much or have lots of expenses you are going to be skinting yourself for a few years by paying tax that you could have declared as expenses
Just reading here. I've just bought a house and am I now viable to claim the interest from my mortgage off my tax??Whoa. This is the myth put about by the "divide and conquer" brigade who want to keep running the country. Just to be clear and put some actual facts into the mix - if you're on benefits you get MOST of your rent paid, but you have to pay some of it from the pittance you get from the dole office (admittedly, in SOME cases, the percentage is 0 but mostly there's a deduction from the dole to pay towards the rent).
True - those who graft get to pay a load of tax - but don't blame that on the unemployed/feckless/degenerates (choose your label) - blame it on the people who're taking the tax.
Once you do go down the mortgage route you can claim the cost of paying the mortgage (ie the interest) against tax - you can't claim the cost of paying rent against tax. So, you gain an asset which will appreciate in value (your house) and can claim the cost of gaining that asset against tax. Or you can continue paying rent which is just dead money.
If you want to really see how to milk the system take a look at the politicians themselves. Paid £60k a year to turn up to work whenever they feel like it (and by work I mean jeer/boo/applaud speeches); get to have two homes which they can manipulate to maximise their income; can claim 100% expenses for travelling to and from work; get paid an allowance to maintain an office; get to make the rules on how much tax they pay; hobnob with journalists to make sure the reports attack the "feckless unemployed" instead of the real thieves (themselves); permitted to have as many well-paid "second" jobs as they like advising companies on how to avoid tax; the list goes on.
It's essentially a protection racket they're running - don't be suckered into becoming one of their footsoldiers blaming the (jews/slavs/unemployed/immigrants - delete as appropriate) because the Whitehall mafia is stealing from you.
I'll grant that there are the bone-idle who're happy to sit at home watching Jeremy Kyle and getting fat on their sofa eating crisp sandwiches, but when you look at the real figures the cost of maintaining them is miniscule compared to the money being used to pay for the political classes to travel first-class, eat at fancy restaurants, take 12 weeks holiday (yes, 12 weeks! ever tried to contact your MP in December or January "the office is closed from 16th December until 8th January" - I bet you wish you could get away with that?) etc.
And that's before you start looking at the hidden costs - the tax avoided by rules which they made and they understand, which they pass on to their friends on the roundabout, which means the likes of Amazon get to pay sod-all tax.
I agree with you that those who don't want to work shouldn't be allowed to get away with it - but I wouldn't make it a priority. The cost is actually far lower than you might think it is and the real thieves are the ones pulling the strings.
You have to look at that in a positive way that you take 15 grand home after everything or 1250 pm. Lots of people working long hours with bosses in there back on about 22-23k a year take the same home after tax and national insurance. Take the fact you earn that now a month and go out everyday and canvass more custies that can easy add another few hundred a month very quick and don't stop till your hitting what you do want. Good example is this week I have started adding on payment slip I put through custies doors that with winter approaching i will do gutters at reduced rates. Had 2 go for it so far so another £200 next month already from existing custies.You are the only peraon whi can limit what you earn!I have an account but hes hard to understand at times. basically ill be putting 20k through the books this year then 5 grand expenses. So basically that means I've made 15k profit? So will pay 20% of 4 grand? So £800?? 15k a year profit is nothing I have to pay out 210 a week?? Lol