Pub News.

[steptoe]

self employed should have income protection policy. if not their loss

its not that simple mate,
I work mostly outside the UK, and even tho I pay UK tax, and am still classed as a UK resident, no insurance company will touch me for income protection.
in reality, no policy would pay out unless you are physically unable to work, self isolation is NOT being physically unable to work.

 

[superdark024]

if the govt can protect people on benefits and pubilc/private sector workers then they should protect those who are self employed.

 

[mike123]

Our next door neighbour was having a party last night about 30 in her garden.

 

[superdark024]

Our next door neighbour was having a party last night about 30 in her garden.

were you there as welll mate? lol

 

[mike123]

No mate. They were keeping me awake all night

 

[steptoe]

if the govt can protect people on benefits and pubilc/private sector workers then they should protect those who are self employed.

they dont give a sh!t about the self employed mate, they just hammer us for taxes

 

[mike123]

they dont give a sh!t about the self employed mate, they just hammer us for taxes

Self employed do pay less tax than PAYE workers.

 

[pabloescaban]

Self employed do pay less tax than PAYE workers.

Yes but they don't get paid holidays.
Or paid sick leave.
Or bonuses.
Or bank holiday payments

 

[mike123]

Yes but they don't get paid holidays.
Or paid sick leave.
Or bonuses.
Or bank holiday payments

You can't have the cake and eat it. However, I believe self employed can claim sick pay.

 

[basejumper]

Self employed do pay less tax than PAYE workers.

I am self employed and have to pay all of the tax on my next years earnings up front. I pay before I earn

 

[mike123]

Self employed do not pay tax upfront it is a fallacy.

 

[basejumper]

Self employed do not pay tax upfront it is a fallacy.

It is called payment on account. I have to pay half of my previous years tax bill up front before I earn anything.

 

[basejumper]

Self employed do not pay tax upfront it is a fallacy.

Fallacy?

 

[mike123]

You dont need to explain to me I am a qualified accountant.

Most sole traders have a year end of 5th April although for practical purposes most accountants will prepare them to 31st March

You don't actually have to pay your tax bill plus first payment on account until 31st of January some 10 months later.


The the second payment on account is due 31st of July.

So there is no payment in advance in real terms

 

[Jethro]

We have moved from CORONAVIRUS PUB NEWS to self employed tax Bill's and benefits all of a sudden??

 

[moshibeth]

We have moved from CORONAVIRUS PUB NEWS to self employed tax Bill's and benefits all of a sudden??

Think i will keep out of this one even though been self employed over 30 years

 

[basejumper]

You dont need to explain to me I am a qualified accountant.
Most sole traders have a year end of 5th April although for practical purposes most accountants will prepare them to 31st March
You don't actually have to pay your tax bill plus first payment on account until 31st of January some 10 months later.

The the second payment on account is due 31st of July.

So there is no payment in advance in real terms

Who said I am a sole trader?

 

[mike123]

It dose not matter no one pays tax in advance in real terms.

Sole trader, self employed , partnerships or Ltd companies.

 

[pabloescaban]

Who said I am a sole trader?

I thought you mostly fished for cod?

 

[moshibeth]

I thought you mostly fished for cod?

Well posting says pub talk and our pub fishermen are always the life and sole-s of the party