Borr 4,490 Posted July 6, 2022 Report Share Posted July 6, 2022 Just now, Born Hunter said: Only in as much as I'd like to be on similar tax terms as the self employed lads. I'm self employed , but cis so 20% deducted at source and then can only claim for certain percentage of costs. Ltd is the way forward if you're organised and.lack scruples I've worked with guys that get paid gross never pay tax, or busy on a big tax bill, between them and Amazon drivers we now have ir35 so people are getting offered say 70k but it's not worth taking as it's PAYE and.you can't.claim for anything... 2 Quote Link to post Share on other sites
WILF 44,279 Posted July 6, 2022 Report Share Posted July 6, 2022 5 minutes ago, Born Hunter said: Only in as much as I'd like to be on similar tax terms as the self employed lads. That’s easily solved ! Lol Quote Link to post Share on other sites
Born Hunter 17,637 Posted July 6, 2022 Report Share Posted July 6, 2022 1 minute ago, Borr said: I'm self employed , but cis so 20% deducted at source and then can only claim for certain percentage of costs. Ltd is the way forward if you're organised and.lack scruples I've worked with guys that get paid gross never pay tax, or busy on a big tax bill, between them and Amazon drivers we now have ir35 so people are getting offered say 70k but it's not worth taking as it's PAYE and.you can't.claim for anything... I've got a mate putting 12 grands worth of hunt bike through his plumbing business! Wellies, coats, checker plate boxes, all sorts. Fair fucks, I've no desire to stop it, at all. But I'll not be crying with him when he has to get his accountant to shuffle the books a few years in advance to impress a mortgage lender. That's all. 2 Quote Link to post Share on other sites
Borr 4,490 Posted July 6, 2022 Report Share Posted July 6, 2022 2 minutes ago, Born Hunter said: I've got a mate putting 12 grands worth of hunt bike through his plumbing business! Wellies, coats, checker plate boxes, all sorts. Fair fucks, I've no desire to stop it, at all. But I'll not be crying with him when he has to get his accountant to shuffle the books a few years in advance to impress a mortgage lender. That's all. Tbf in order to survey land for for drainage you need a quad , I contemplated saying my thermal was for doing fire watch after hotworks , I didn't , don't report me born .... 1 Quote Link to post Share on other sites
Born Hunter 17,637 Posted July 6, 2022 Report Share Posted July 6, 2022 Just now, Borr said: Tbf in order to survey land for for drainage you need a quad , I contemplated saying my thermal was for doing fire watch after hotworks , I didn't , don't report me born .... We were weighing up how to get a thermal through the business too! Summat to do with hotspots on radiators or something. Blockages maybe? Anyway, yeah it's going through! I expect the only 'hotspots' it'll be finding will be in 6 inch of wheat stubble at 2 in the morning! 1 1 Quote Link to post Share on other sites
Born Hunter 17,637 Posted July 6, 2022 Report Share Posted July 6, 2022 14 minutes ago, WILF said: That’s easily solved ! Lol Not really in my trade tbh. Quote Link to post Share on other sites
sandymere 8,261 Posted July 6, 2022 Report Share Posted July 6, 2022 Recon its all gonna get a lot worse before it gets better. I own a house so price crash would likely cost me money but we need a drastic revaluation if the next generation are going to have any hope of buying before their parents die and leave them a property. 1 Quote Link to post Share on other sites
Born Hunter 17,637 Posted July 6, 2022 Report Share Posted July 6, 2022 1 minute ago, sandymere said: Recon its all gonna get a lot worse before it gets better. I own a house so price crash would likely cost me money but we need a drastic revaluation if the next generation are going to have any hope of buying before their parents die and leave them a property. Just imagine if we could get something to wipe-out the old asset rich financial liability pensioners, creating an economic boom from the sudden cash flow, tax revenues and housing availability that would cascade down the generations as a result. Like a novel virus that predominantly killed that demographic. Ah well, I can but dream.... Quote Link to post Share on other sites
WILF 44,279 Posted July 6, 2022 Report Share Posted July 6, 2022 13 minutes ago, Born Hunter said: Not really in my trade tbh. You can practice being a small business owner mate….. Simply spend all you money buying things for companies much bigger and richer than you will ever be and then eat beans while you wait 3 months to receive 10% of your outlay back while at the same time letting every enforcement department in local government and your insurance broker come round and f**k you in the arse several times a month ! Lol It’s amazing ! Lol 1 Quote Link to post Share on other sites
WILF 44,279 Posted July 6, 2022 Report Share Posted July 6, 2022 26 minutes ago, Borr said: Tbf in order to survey land for for drainage you need a quad , I contemplated saying my thermal was for doing fire watch after hotworks , I didn't , don't report me born .... Sshhh…..careful, I think he is a Stasi undercover agent ! His careless words have betrayed him ! Lol Quote Link to post Share on other sites
chartpolski 20,409 Posted July 6, 2022 Report Share Posted July 6, 2022 It's great being an asset rich, financial liability......I worked hard all my life to reach this exalted stage in my life !! Cheers. 1 Quote Link to post Share on other sites
foxdropper 17,092 Posted July 6, 2022 Report Share Posted July 6, 2022 For my tuppence worth I’m seeing a generation bit younger than myself that for some sp reason went the rent route instead of buy .That rent now costing the earth where a house would of been payed for .I’ve been extremely lucky in life regarding money .I started a mortgage when I was 18 in my Dads name . I payed it and swapped the name when I was 25 . Grafted and payed for that house in 17 years .It cost 34 grand ffs .While other lads were pissing it up ,I was saving like feck .No early pay off conditions back then either .The sale of that house bought another 5 years later .Rented out the second and the rent payed mortgage on 3rd .I now own 3 house plus ours . Not in no way getting at anyone for life choices but it was there back in the day . Nowadays no chance of getting on the ladder without hell of a job or wad from bank of dad . My own kids are grafters but there’s no way they will achieve anything without my input . Ill maybe give them a house each as I really don’t need that income anymore . Life choices seem to appear someone else’s problem to many and I can’t help but think a lot of the moaning nowadays stems from bad choices years ago that are now here to bite them on the arse but it’s always someone else’s fault. Im not posh ,from a poor part of Bristol in fact but I had my head screwed on enough to think ahead . Couple that with good business choices and life’s good to the point where work is now a choice rather than a necessity . The 25 year mortgage term has gone I believe and as stated it’s now a hereditary dept ffs . 1 Quote Link to post Share on other sites
Born Hunter 17,637 Posted July 6, 2022 Report Share Posted July 6, 2022 3 minutes ago, WILF said: Sshhh…..careful, I think he is a Stasi undercover agent ! His careless words have betrayed him ! Lol I might give it the libertarian chat but really that's a thinly veiled cover for my true desire to be the tyrant. And as soon as I develop my death star, I will be. 1 Quote Link to post Share on other sites
WILF 44,279 Posted July 6, 2022 Report Share Posted July 6, 2022 2 minutes ago, chartpolski said: It's great being an asset rich, financial liability......I worked hard all my life to reach this exalted stage in my life !! Cheers. Now, it could be nothing but I’m sure if you mixed up the letters of “Born Hunter” you could get KGB or NKVD ! Food for thought ! Lol Quote Link to post Share on other sites
Born Hunter 17,637 Posted July 6, 2022 Report Share Posted July 6, 2022 (edited) 4 minutes ago, WILF said: Now, it could be nothing but I’m sure if you mixed up the letters of “Born Hunter” you could get KGB or NKVD HMRC ! Food for thought ! Lol RUN! Edited July 6, 2022 by Born Hunter 1 Quote Link to post Share on other sites
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