PIP Margerat Thatcher

[gee38]

honest you don't know me but i am in the top bracket and i am happy to pay more


by the sounds of it you have failed to achieve anything of note in your life and look to blame immigration over why you have nothing. shame on you.

work harder and you will succeed.

or blame 'african ragheads' who while you are sat on your arse watching jeremy kyle are cleaning offices/ driving buses and paying tax.

[honest]

settle down Doris, calling me cock, please having a bit of fun with a celtic cousin, im the grandson of a miner, son of a thatcher refugee, and have family who have all served including in  the falklands. Trouble with me  friend is my father worked hard and gave me an oppurtunity to be better educated, with this education I formed my own point of view, Maggie was alright, trade unions do more damage than good in my experiance, free market dictates the price of a commodity unions dont take that into account when they push up wages.Companies need to make a profit. Just a bit of banter  which i would have no problem backing up, but lets leave the rambo part out of it, its the internet, brood all night, no different time zone friend,were just having a laugh talking bollocks on a bodybuilding forum. I wouldnt fly a union jack if you paid me, I dont like the english, my flag like yours a different color, you dont have to be english to like Maggie, just share a similar point of view.

[Donny]

Mate just don't come over saying bollocks about my family..ok petal

[honest]

honest you don't know me but i am in the top bracket and i am happy to pay more


by the sounds of it you have failed to achieve anything of note in your life and look to blame immigration over why you have nothing. shame on you.

work harder and you will succeed.

or blame 'african ragheads' who while you are sat on your arse watching jeremy kyle are cleaning offices/ driving buses and paying tax.

yeah im  just a bitter 300 pound ripped internet millionaire, shame on me for not being happy how governments spend my taxes, I believe in both welfare and health care but to a population that acts accountable, not one that lets welfare families breed like rodents, and to a population that gives itself heart disease and obesity through bad habits. If your happy having your taxes treat a few when they could treat many, having your healthcare restrict cancer saving drugs as the budget doesnt stretch due to a health system over run with smokers, power to you bro,

[honest]

Mate just don't come over saying bollocks about my family..ok petal

No worries Donny, just having a laugh.

[gee38]

so now you are saying that only people you deem worthy get help?

thats truly funny.

keep on keeping on

napoleon complex much???

[honest]

so now you are saying that only people you deem worthy get help?

thats truly funny.

keep on keeping on

napoleon complex much???

Your obviously not making all that money from anything to do with economics are you Einstein, forgive me whilst i ignore you, you and I are worlds apart and we have communicated to much already, I hope you find a good charity to donate the rest of your high income to, if only the world had more people like you, a farken saint 

[Donny]

No worries Donny, just having a laugh.

ok mate 

[gee38]

whereas you are obviously just not doing well in life at all


I am glad you hung off daddies coat tails to put you through school tarquin. ra-ra-ra!

perhaps while he was doing that for you he could have got you a spellcheck you thick fuck

[Conker]

A quick point for those claiming Thatcher destroyed communities/areas etc by shutting down the mines.
The domestic demand for coal was falling year on year, export demand fell off a cliff because other countries were producing coal cheaper down to lower labour costs and not having to contend with tyrannic unions.

What was the option... keep the mines open producing a product that was needed less and less and that had to be sold at a loss.
It was a dangerous and unhealthy industry anyway, who would honestly want their kids to be coal miners today?

[Tito24]

any pics of her corps yet?

[BIG AL MCKECHNIE]

honest you don't know me but i am in the top bracket and i am happy to pay more

You are a PAYE employee on over £150,000 per year? More than the prime minister earns. Well done.

 

[Tapeworm]

the word is 'corpse', genius 

At ease, marine.

[Voice of Doom]

All taxation is theft - Josiah Warren

[Mr Nobody]

I'm glad she is gone.

[Tito24]

the word is 'corpse', genius 

ok "hawk" haha.

[gee38]

yes al I am

sorry about that but some of us don't need to lie about it.

apologies if that hurts.

[BIG AL MCKECHNIE]

yes al I am

sorry about that but some of us don't need to lie about it.

apologies if that hurts.

Don't be making snide remarks son. I dont question your salary, just your tax arrangements.

I make significantly more than £150k a year. I have my own Eex hazardous area valve business operating in north sea oil and gas industry.
I take around £30k a year thur PAYE to keep me at the 20% rate and take maybe another £200k or so as a dividend which save me NI and higher tax. I pay 20% on this dividend.  I pay me wife another £30k to use us her allowances and she gets £50k dividend too.
Then again, I contribute £500k in vat and employers NI for my employees so I pay my way.


My point is not that you make £150k per year but that you pay top tax thru PAYE. This must make you an SME main board director without being a significant shareholder.  Most people earning that sort of money are shareholders or partners in firms and would never have their payrole department allow them to be hit with 45% tax. They would always divert some to dividends/partners profitshare.  This also saves the business employer NI.

[gee38]

first off not your son

second off

the old dividend thing is fine if you just want to top your money up

but if you want to increase the value fo the business you don't do that as it degrades the asset value of the business

instead you take a livable salary but don't rinse the dividend as it devaiues the biz.

like you my missus get 36k etc etc etc

but the days of rinsing a dividend are sound for SME's but you never add value to the business and thats where the future is for me


years back everything went through the IOM but again it devalues business. the value for me and my family if i die is in the profit and saleable val of the business

but you knew that. surely?

as for SME we make a decent amount p.a. post tax. high 6's once I have taken my bit out but the money is in the long term sale.

'son'

[gee38]

as for minority shareholder

32% shareholder in a company that last year cleared just shy of a mill (net [profit) with 1.3m 'cash at bank at y/e' a business that operates purely as a consultancy so has minimal overheads. T/O is 3.9mill and we mark up on externals

no debt

and we own our office building


when we ran it as a cash cow we raped it on divi's- now we run it a different way

[tommywishbone]

Teas and crumpets of peace 

[monstermunch]

Giz a job gee 

[BIG AL MCKECHNIE]

first off not your son

second off

the old dividend thing is fine if you just want to top your money up

but if you want to increase the value fo the business you don't do that as it degrades the asset value of the business

instead you take a livable salary but don't rinse the dividend as it devaiues the biz.

like you my missus get 36k etc etc etc

but the days of rinsing a dividend are sound for SME's but you never add value to the business and thats where the future is for me


years back everything went through the IOM but again it devalues business. the value for me and my family if i die is in the profit and saleable val of the business

but you knew that. surely?

as for SME we make a decent amount p.a. post tax. high 6's once I have taken my bit out but the money is in the long term sale.

'son'

Whether you take your cash as a salary (current year cost thru P+L) or as a dividend from retained profit makes zero dufference to net asset position of the business in the balance sheet. The difference is that if you take £150k thru PAYE you will have less net cash than if you take £30k thru PAYE and £120k as dividend.

Whatever you take by whatever means, net asset position is reduced by your takings.
 
Anyway, sounds like you have a good business. We supply stuff for oil and gas whereby the suppliers stock and supply direct ( we have sole distribution rights for Scotland for many products). We then make money on installation and electrical and hydraulic control system design and installation. 

The value of the business is not on net assets but on PE ratio which equates to it being worth £8 - £10 million right now. Plenty of IP and goodwill.

Make around a million retained profit after tax past 6 years. Next year could be zero of course but I don't think so.

Yes it was possible to come out the RAF 20 years ago and make something positive in post Maggie Thatcher's Britain.

[King Shizzo]

first off not your son

second off

the old dividend thing is fine if you just want to top your money up

but if you want to increase the value fo the business you don't do that as it degrades the asset value of the business

instead you take a livable salary but don't rinse the dividend as it devaiues the biz.

like you my missus get 36k etc etc etc

but the days of rinsing a dividend are sound for SME's but you never add value to the business and thats where the future is for me


years back everything went through the IOM but again it devalues business. the value for me and my family if i die is in the profit and saleable val of the business

but you knew that. surely?

as for SME we make a decent amount p.a. post tax. high 6's once I have taken my bit out but the money is in the long term sale.

'son'

Wtf is that drivel? I ain't Gordon Gecko. Outed.

[gee38]

sorry al

you clearly haven't bought and sold a lot of businesses and understand how that simple figure makes a world of difference.

it does

ask anyone who invest serious money in buying business and how they leverage a nice price.

well done on your business- I take it you are throwing dough at frac'ing mate- its going to be a goldmine!!


all the best