Invest Bounce Back Loan For A Year?

kinger101

Taxes for SE on £20K are about £2,600.  On £20K, I'd go that route so I didn't have to fart around with companies house and corporation tax returns.    You said earlier your pay was partly dividends?????

blue_max_3

kinger101 said:

Taxes for SE on £20K are about £2,600.  On £20K, I'd go that route so I didn't have to fart around with companies house and corporation tax returns.    You said earlier your pay was partly dividends?????

Yes it is. That's how a limited company works. Like I say, it was broad as long. I asked over a number of years and that was the consensus over two accountants. There are additional regulatory things to do and additional accounting responsibilities. 
It seems winding a company up involves notice and final accounts. I never quite seem to be in a good place to do that. I was in the business with my ex-wife for many years and have carried it on these last couple. We did think it gave us a more professional presentation to our clients. We used to by VAT registered for the same reason, but that was a massive PITA.
Anyway, I'm having to work whether or not. Can't wait for Happy Monday.

coyrls

blue_max_3 said:

Can't wait for Happy Monday.

You're reading the wrong newspapers; I think you are going to be disappointed.

blue_max_3

coyrls said:

blue_max_3 said:

Can't wait for Happy Monday.

You're reading the wrong newspapers; I think you are going to be disappointed.

Was joking