K
Ken
Anyone help with a table/graph/calculator/web link where I can see, at a
glance, the gross income needed to net differing amounts.
Ken
glance, the gross income needed to net differing amounts.
Ken
It's easy enough to work out for a given set of circumstances, but there'sKen said:Anyone help with a table/graph/calculator/web link where I can see,
at a glance, the gross income needed to net differing amounts.
Ken
Right...you don't think there might be too many variables to make suchAnyone help with a table/graph/calculator/web link where I can see, at a
glance, the gross income needed to net differing amounts.
Ken
I only need a rough guide so I am able to say "In the region of" when ITroy Steadman said:Right...you don't think there might be too many variables to make such
a table meaningful? The factors that will affect your net income start
with:
1) Where you live.
2) What the income is.
2) Other income you may have.
It seems a bit remarkable to be giving advice to people when you knowI only need a rough guide so I am able to say "In the region of" when I
discuss with people. I talk to those looking to work for themselves in a
shops, guest houses, cafe, etc. I point out that when they live on the
business some of the financial benefits they would enjoy would need a gross
income of £X.
Ken
If you are seriously into that area I think you may also need to takeI discuss with people. I talk to those looking to work for themselves
in a shops, guest houses, cafe, etc. I point out that when they live
on the business some of the financial benefits they would enjoy would
need a gross income of £X.
Ken
It seems a bit remarkable to be giving advice to people when you knowI only need a rough guide so I am able to say "In the region of" when I
discuss with people. I talk to those looking to work for themselves in a
shops, guest houses, cafe, etc. I point out that when they live on the
business some of the financial benefits they would enjoy would need a
gross
income of £X.
Ken
It is always folks on normal income and no benefits who need some roughneverwas said:If you are seriously into that area I think you may also need to take into
account housing benefit and/or tax credits.
http://www.i-resign.com/uk/financialcentre/tax_calculator.aspAnyone help with a table/graph/calculator/web link where I can see, at a
glance, the gross income needed to net differing amounts.
Try: http://www.contractorcalculator.co.uk/Calculators.aspxKen said:It is always folks on normal income and no benefits who need some rough
guidance when considering the self employment route.
Thanks PaulPaul Harris said:
Thank you this is another excellent link.vulgarandmischevious said:
This is pretty damn foolish thing to say. It is always "folks" whoIt is always folks on normal income and no benefits who need some rough
guidance when considering the self employment route.
Ken
What part is payable in advance?... they pay their tax in two tranches, part of it in advance...
This is pretty damn foolish thing to say. It is always "folks" whoIt is always folks on normal income and no benefits who need some rough
guidance when considering the self employment route.
Ken
Does the term "payment on account" not ring any bells?Tim said:What part is payable in advance?
POA is in anticipation of [ establishing ] the actual tax due.Ronald Raygun said:Does the term "payment on account" not ring any bells?
Are you willing to tell the newsgroup why you need this information soThis is pretty damn foolish thing to say. It is always "folks" who
never get married and have children, and who don't pay rent and don't
pay council tax who are "considering the self employment route"?
They need to know about VAT and book-keeping, that they pay their tax
in two tranches, part of it in advance. There is a whole host of
important life-changing advice they need from an accountant.
If you give them information you downloaded from a IR30 calculator I
expect they will sue you. Here's a link to Professional Indemnity
insurance...
http://www.axa-insurance.co.uk/businessinsurance/professional.html
For your info I do have PII.
I run my own company, am self employed, am Vat registered and know my way
around accounts.
You don't have a clue as to what I do and why I needed the help.
Help I have got from two other kind souls on this NG who have shown the
right spirit in replying to my question.
Ken
In what way exactly is a "negative tranch" a payment of tax?Tim wrote:POA is in anticipation of [ establishing ] the actual tax due.Does the term "payment on account" not ring any bells?
If it was not "in advance", there would be no need for repayments.
And, Troy, it's 3 tranches, not 2 [ allowing that the third may be
negative ]![]()
Are you willing to tell the newsgroup why you need this information soThis is pretty damn foolish thing to say. It is always "folks" who
never get married and have children, and who don't pay rent and don't
pay council tax who are "considering the self employment route"?
They need to know about VAT and book-keeping, that they pay their tax
in two tranches, part of it in advance. There is a whole host of
important life-changing advice they need from an accountant.
If you give them information you downloaded from a IR30 calculator I
expect they will sue you. Here's a link to Professional Indemnity
insurance...
http://www.axa-insurance.co.uk/businessinsurance/professional.html
For your info I do have PII.
I run my own company, am self employed, am Vat registered and know my way
around accounts.
You don't have a clue as to what I do and why I needed the help.
Help I have got from two other kind souls on this NG who have shown the
right spirit in replying to my question.
Ken
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