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Smiffy
Well-known member
Why was he making decisions like that without talking to his accountant??
doobin
Well-known member
Wise up.
He’s probably made more in views off that humblebrag than any tax he’s paid (if any)
He’s probably made more in views off that humblebrag than any tax he’s paid (if any)
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Jimoz
Well-known member
That scenario wouldn't happen if you bought commercial spec would it?
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DaveDCB
Well-known member
No , cause you wouldn’t be rinsed on a 1200/month lease for a start
Jimbo69
Well-known member
Me too. Been called a lot worse, and that’s just this morningPlonker? Yeah I’ll take that
Bri963
Well-known member
‘When I hear “My accountant told me to buy it”, usually the accountant was begging them not to.’ - Told to me by my accountant when I asked him why he wasn’t telling me to buy a Shogun/Patrol/Range Rover like everyone else’s accountants seemed to be.
I worked with a bloke on the Spalding bipass in the early 90’s. He had a year-old Cat 215 and turned up in a brand new Shogun. He was telling me he was the luckiest bloke alive, had almost paid for the 215 in a year and his accountant had told him to spend some money before the end of the year. Two weeks later the 215 had gone back to Levertons, he’d gone bust and disappeared.
I worked with a bloke on the Spalding bipass in the early 90’s. He had a year-old Cat 215 and turned up in a brand new Shogun. He was telling me he was the luckiest bloke alive, had almost paid for the 215 in a year and his accountant had told him to spend some money before the end of the year. Two weeks later the 215 had gone back to Levertons, he’d gone bust and disappeared.
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Jimoz
Well-known member
My old accountant says your spending a pound to save 20p
V8Druid
do it as well as you can,but learn to do it better
well that depends on your tax bracket
and often better to spend and have the money's worth than give it to the blood suckers ...
premises maintenance is also 100% tax deductible, looks bloody great in palisade form
and keeps the tea leaves at bay (mostly)
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Brendan
Well-known member
I saw the post but unless I'm missing something how do you lease something and add £24,629 of fake income?
Is he trying to say he leased it and the cost of the lease he added as income?
I'm not ltd so not read up too much on company cars but surely he just pays extra bik
Plus the math isn't mathing for costing him 38k every year
Is he trying to say he leased it and the cost of the lease he added as income?
I'm not ltd so not read up too much on company cars but surely he just pays extra bik
Plus the math isn't mathing for costing him 38k every year
V8Druid
do it as well as you can,but learn to do it better
entrepreneur's relief did help, but IMHDO taper relief, which it'd replaced, may have been slightly better. ...
also dealt with a big tranche a few years earlier on IHT and CGT on my mother's estate (which the bloody accountant had forgotten about - 'til I reminded him of the fact
- my calc.s and his were a world apart, up 'til that point )never rely on your accountant to be 'up to speed' / on the ball
... " Oh yes - so we did !! - wondered how you'd arrived at your figures?? "
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Smiffy
Well-known member
I took it that the bik on the car must be included for calculations towards child support and childcare.
I know if you have young kids and are on salary breaking the £100,000 a year mark costs you about that in lost child support and childcare.
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Stroppymonkey
Well-known member
Yeah there is a certain amount of trump math going on
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DaveDCB
Well-known member
Quite simple, BIK counts as income as such is taxed as income, all he needs to do is up his salary sacrifice to zero out the extra bik and he’ll get all his benefits back, the attention seeking whore!
Gunners
Well-known member
Who has one good month and decides to splash out?
Think that tells us everything we need to know....
Think that tells us everything we need to know....
Lancs Lad
Well-known member
SactlyWho has one good month and decides to splash out?
Think that tells us everything we need to know....
And the fact he's posted all about tells us even more. Muppet award
Bri963
Well-known member
I do like Doob’s expression, “Humblebrag” - must remember it for some of the circles I move in.
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Stroppymonkey
Well-known member
I enjoyed this interview. Quite slow but makes a change from the trend of short videos.
The Twisted guy that bought 239 Defenders
The Twisted guy that bought 239 Defenders
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CPS
Well-known member
Giles
Well-known member
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