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OK thanks very much for the info.

Could someone help me understand this following situation? It's probably simple enough but my brain doesn't seem to want to understand it. Company A (with one director, myself) has been running as follows for a number of years. Numbers are made up for the purpose of the example: - Income 30k -...

You said in order to maximise income, stop claiming expenses and suck up the tax for a while. Fair enough, but now that you've gotten your mortgage, couldn't you just send in amended returns for the past couple of years with all the expenses included?

Sorry I haven't said anything until now. Thanks for the replies so far. We actually went in to an advisor couple of weeks ago and it wasn't as scary, or as bad as I thought it would be, seeing as we have no debts. The painful thing will be to maximise our income on our tax returns, which means...

Age: 30 Spouse’s/Partner's age: 29 Annual gross income from employment or profession: Between 50k and 65k before expenses, 42k to 52k after expenses Annual gross income of spouse: Around 20k Monthly take-home pay: Tough to tell. Very variable Type of employment: e.g. Civil Servant...

I decided to do some fun math and see the differences for myself :-) It came out pretty interesting. Here are the graphs at this link: s1383.photobucket.com/user/alalal1/media/donejpg_zps77202568.jpg.html red lines - employee blue lines - self-employed Without employer prsi...

Thanks very much!

I'm sure this question has been asked before, but I haven't been able to find a definitive answer. I just want to make sure. My main question is this. Say that someone has a PAYE part-time job and is also self-employed. Is he entitled to claim his usual PAYE tax credits? I prefer to see a...

Hi. This is my first post and first of all, want to say what a great resource this forum is (from lurking). I'm newly self-employed and just have a quick question. Now, I know that you can't write off meals as expenses normally, since you eat to live not work. However, what's the situation...