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Thread: Income Tax Time

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  1. #1
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    Default Income Tax Time

    I'm PAYE myself and have felt some financial pain this year.
    I have taken a financial hair cut, and my punting funds are getting smaller.

    But I was just woundering about you self employed guys.

    You have probably been still riding like it was still good 'ol 2007.

    Would be curious to hear from you lads will you be cutting back on the punting after your accountants give you that tax calculation which includes the extra tax rates and levies.

    Any ideas on the subject ??

  2. #2
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    Default

    Quote Originally Posted by Smarty View Post
    I'm PAYE myself and have felt some financial pain this year.
    I have taken a financial hair cut, and my punting funds are getting smaller.

    But I was just woundering about you self employed guys.

    You have probably been still riding like it was still good 'ol 2007.

    Would be curious to hear from you lads will you be cutting back on the punting after your accountants give you that tax calculation which includes the extra tax rates and levies.

    Any ideas on the subject ??
    there's always loopholes, trust me, it's just spotting them thats the problem, I took a cut, but things are better elsewhere too

  3. #3
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    Quote Originally Posted by blankmannn View Post
    there's always loopholes, trust me, it's just spotting them thats the problem, I took a cut, but things are better elsewhere too
    Having a Cayman Islands or Isle of Man offshore account is useful.

  4. #4
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    Default

    Quote Originally Posted by Smarty View Post
    I'm PAYE myself and have felt some financial pain this year.
    I have taken a financial hair cut, and my punting funds are getting smaller.

    But I was just woundering about you self employed guys.

    You have probably been still riding like it was still good 'ol 2007.

    Would be curious to hear from you lads will you be cutting back on the punting after your accountants give you that tax calculation which includes the extra tax rates and levies.

    Any ideas on the subject ??
    I have made cuts in lots of areas:
    Got the snip; Cut my hair; Cut up the credit card; Got a circumcision.

    Engaging Personality
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  5. #5
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    Default What would make you think this???

    Quote Originally Posted by Smarty View Post

    You have probably been still riding like it was still good 'ol 2007.
    Do you think that the self employed haven't taken a big hit too???
    "It's far easier to fight for principles than to live up to them."
    L

  6. #6

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    Quote Originally Posted by luther View Post
    Do you think that the self employed haven't taken a big hit too???
    I think the point being made here is that if you are self employed and paying Income Tax that it is really only this time of the year, ie end of October that most self employed will learn from their own calculations of accountants how much of a tax bill they will owe for 2009.

    Therefore some people would have kept up their lifestyle from last year, as it is a common human trait to bury ones head in the sand, only to be faced with a "shock" around now.

    I don't think anyone is saying that the self employed haven't taken a big hit too.

  7. #7
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    ya I've taken a skinner, dont u simply hate this 'financial haircut' saying
    'Politics is the gentle art of getting votes from the poor & campaign funds from the rich, by promising to protect each from the other' -ep

  8. #8
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    Default

    Weve all taken that finacail hair cut

    Some of us have to find income

    Join the E-I Fantasy Football League

    http://www.escort-ireland.com/boards...ntasy-Football

  9. #9
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    Quote Originally Posted by doozer121 View Post
    Weve all taken that finacail hair cut

    Some of us have to find income

    it's a fucking disgrace, for those of you who read this and who are not aware....I suggest you do a little research to see exactly the takehome pay of your local TD.

    You'll be shocked at how much these gangsters make, and don't be fooled, it's your money they are bringing home with them.

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