xameliax #2 Condescending rants, always snappy! It’s the perfect way to “protect my happy”

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A Profit and Loss sheet would give a better illustration as to how the Company is performing, but as she is a Micro Entity, she isn't obliged to submit one to Companies House. However, as a Limited Company, she still has to take into consideration Corporation Tax and VAT payments (if she is VAT registered but that's usually for turnover over £85,000 so doubt she is registered as I am doubtful she earns anywhere near that). Corp tax is based on the previous years' profits. Standard rate is 19%. Also, if she draws dividend from the company then anything over 2k is taxed at 7% plus there's also NI contributions to take into account. Pensions also come out but you do get tax relief on these but that's if she pays into one. I know this as this is what I have to take into account for my Company but this may not be the case for Micro Entities as I am classed as a Small Company.
 
Depends on how she has decided to operate her business. She could draw salary equal to the current tax threshold so as not to pay income tax (just over a grand a month currently) and then draw dividend of whatever she wants and just pay 7% on anything above the 2 grand threshold as opposed to income tax but in order to do that you've obviously got to have the money coming in. You can only pay yourself if you're earning. She still has to ensure to leave enough cash in the bank to pay corp tax though as that's a lump sum to pay, plus your dividend tax as that's also a lump sum payment.
 
Not sure if it’s an ad ? Think she’s had that thing ages and been banging on about it. Might need a gifted though
 
working9-5 said:
I don’t mind her videos but the whole intro “and if you like my face...stick around for a while” - it really irritates me 😂
Click to expand...

Me too. It's not even an original intro. Philip DeFranco, a popular YouTuber with 6+ million subscribers, says the same exact thing.
 
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