Were you addressing this at me gillybpb?
^I wish daphnedill !
Why do people always seem to look at anyone in business with suspicion.
I'ts okay for you, you've got your own business.(I would give anything for DH and I to work for someone else)
It must be nice to get cash in hand. (we only work business to business so no cash, ever)
I bet you have a nice house (we sold our last house to put the money into the business, now live in a 2 bedroom terrace)
I bet you have a nice fat pension to look forward to (ha ha see above..... the bit we had has all gone into the business and DH at 65 will probably get to retire when they take him out of the factory in his coffin)
I bet you get away with paying tax and NI (like how? you can't fiddle PAYE can you?)
I bet you get a nice bonus (where from? we just about keep manage to keep the doors open and the bills paid)
I HATE the way people assume you are in business so you are bloody well Richard Branson or Alan Sugar ^
If so,I take great exception.
Firstly, I don't even own my home. It was repossessed when I could no longer pay the mortgage after I had a breakdown, so I have to keep on working to pay rent. Goodness knows what I'll do, when I can no longer work. When I lost my house, I was homeless. The council had nowhere, so I had to give up my son too, because I couldn't look after him just before he did his GCSEs. He went to live with his father, except that (unbeknown to me) his father wasn't there and my son had to look after himself.
Secondly, I don't take cash in hand. I insist all payments are made into a separate bank account, so that I can track the income more easily. annie accused me a few weeks ago of not paying my taxes. Well! Dead right, I don't pay tax,but that's because I earn under the threshold of £11,000.
Thirdly, big fat pension! Yes, I have two pensions.I was lucky, because they started when I was 60. One is from Express Newspapers (boo hiss) and the other is a teachers' pension. Unfortunately, it's not huge either, because I made a huge mistake at one point in my life and opted out of the teachers' pension. Not only that, but I had a break in service and the second part won;t be paid until I'm 65.
My combined pension and profit from self-employment has only just gone over the tax threshold this year for the first time. I have to top up my income from the remaining equity from my house.
I don't pay corporation tax - obviously! What I know is from my investigations into my ex-husband's affairs and further reading showed that some financial advisers were actually advising paying corporation tax instead of income tax as a method of "tax efficiency". I'm not an accountant, so I don't know how it works, but it's obviously a well-known loophole.
I'm afraid I'm spitting mad!