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Perks used to be things like Directors being able to draw more money from dividends without paying tax. That has disappeared. Another perk would be something like, oh I don't know.. maybe being allowed to keep more of your profit that you worked hard to create, now there's a novel idea.
'You...
Personally, if the business is that profitable and you have no stress running it, I would keep going as long as you can, even if it's a reduced role with an employed manager. You can still keep an eye on it without having to be involved day to day.
If you sell it, you probably won't get what...
I read somewhere recently that we have over 40 different types of tax we pay in this Country. It's out of control. Whilst it is socially irresponsible to not pay tax, there comes a point, particularly in business, where you realise you are just a glorified tax collector for the government, with...
Just to add to this - when I've used it before, I had the option of executing a warrant for the court bailiff to recover the debt. It was another £100 on top of the court summons fee.
This is the part you have to consider, and I'll give a cautionary tale here a swell. As has been mentioned...
I'm not really sure. My understanding is that he didn't ever get a bill because his unit was in his name a private individual rather than a trading business. I'll have to ask him about it.
It might be more difficult in my case anyway because it would be obvious the unit is being used by the...
He's not someone down the pub, he's a customer of mine who is also renting a unit. He isn't subject to rates relief or a bill, as the unit rental is in his name as an individual. What he said to me was, take the rental out of your business name and put it into your name.
We already get small...
Here's a question for those of you in a similar position. We have an office and workshop in one location, and a separate unit at another location. I've just had a rates bill come through for a few grand, for the unit. No surprise there, although I do find myself wondering how the Council justify...
I always produce a pro forma or payment request of some type. If they pay, all good and no issues. If they don't, you just don't do the work, and you know they were going to mess you around.
We have a credit checking platform, and I only give credit accounts these days to really trusted...
22 in a 20 zone.. you could have done that by just having a strong wind behind you! Doesn't that make you angry though?
This sort of thing to me is where there is no common sense. So you went a tiny bit over the speed limit, that should be a caution unless you're getting caught multiple times...
Doing over the limit is fair enough, but motorists are fined every day for very minor things. I attended a driver awareness course years ago for doing 34 in a 30 zone. Meanwhile, the thieves who broke into my office (whom the Police knew of) paid nothing because they didn't pursue the crime...
I doubt they were traumatised, after all, this is what the Police are best at nowadays isn't it, catching motorists rather than real crime. Don't get me wrong, motorists need to be reasonably careful what they are doing but it does seem ironic they put so much effort into fining us for stuff...