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Johnsond

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Everything posted by Johnsond

  1. Yeah undoubtedly its not for everyone and yes if your trying to pull substantial amounts of money out from the company then the tax liabilities will add up as they will as a sole trader once you go above the 40% earnings ceiling. Initially it was hard going but in the long term especially if your purchasing eqpt regularly or you want to put funds away pensions etc then there is ways and means to get the most out of it. To be honest its such an individual choice type of thing only you with the advice of a good accountant can make the call as to which is best for you. My decision was made after a nightmare 13 month tax investigation by HMRC caused by listening to bad advice (And naivety )from my then accountant this was years ago on the old 714 scheme.
  2. Hi No doubt it seems a bit daunting at first (Well it did for me anyway ) but once you have you head around it things start to make sense, The probability is your wage you will pay yourself will be less than what you earn now but factor in the other elements of running as a ltd company and all of a sudden it starts to make sense. Mind you as is always the case the HMRC are looking to squeeze people with a graduated scale of taxation on dividends coming in this year. The best thing you can do is get a good local accountant whom you can sit down and talk plain English to, Avoid these firms promising to do it all for you including taking off your tax etc at source for them to manage and pay as required. End of day put your 20% away on any earnings and you cant go far wrong. It will keep you honest/sensible with money far better than the old sole trader self employed game will ( Again it did for me ). Hope it goes ok
  3. Yeah the genuine ones are overpriced for sure but as has been said the margins on these copies must be minimal (Possibly the next batch may not be as cheap) no doubt they will be back at some point seeing as they are now sold out mind you the wait time may well be substantial. One thing that you cant see is the quality of the metal and the castings ive been there with cheap Chinese quads for the kids and basically after a while they fell apart also the spares back up was non existent, who will the buyers of these be looking to then ?? As has already been said on here what do you want ?? a product with a known history and a good after sales service or some cheap Chinese copy made in a place where health and safety standards are lower, wages and standard of living for the people who probably made these are nowhere near what we would expect. Regardless of all this for sure they seem at first sight a bargain and you cant blame people for spending wisely if the chance arises and if anything it does possibly highlight how expensive the originals are. Me personally id buy the original and have a good gripe about the cost
  4. Cheers Guys I will give them a shout on Monday see what I can sort out. Newmacher would be great as im only up road in Fyvie. On a different note are you aware of any local firms that get access to any good size/diameter hardwood trunks suitable for milling that they would part with or want a hand to get rid of, its not for commercial gain just for my own use on jobs at home. Thanks again for the replies
  5. Hi All Just looking for a bit of advice regarding locations/recommendations of trainers or companies offering CS30-31 courses and assessments anywhere near Aberdeenshire. Anyone heard of Ringlink near Laurencekirk ?? they are quite close to me which would be handy saying that im happy to travel if needs be. Cheers Dave
  6. Hi All New to site so as above hello to all forum users. Looking for a bit of help/guidance on what I should expect to be paying for some oak its been felled and id be looking at several 14ft lengths ranging from 18 to 24 inch in diameter, wood is to be milled into some planks/beams for a project at home. Distance to collect is quite a hike so diesel costs are going to be a factor. I'm based in Aberdeenshire if anyone knows of any Oak or other hardwood suitable for milling available up here id be interested to hear from them thanks Dave

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