Self-Employed or Employed

Lincs Lass

Member
Location
north lincs
Just done my tax return , cheeky bedsteads used to take ni class 2 included ,now they want class 4 aswell. that was over £500 before the amount for tax ,,getting to to the stage of donating a kidney
 

BAC

Member
A good rule of thumb is to save a third of income for the end of year.
Easy to say yes but the way I used to see it was if I’m putting 20% of my monthly wage away then I’m just giving it to the taxman rather than investing it to make my business better. How many farmers put 20% away..... I think most spend as much as they can so they don’t pay tax
 
Easy to say yes but the way I used to see it was if I’m putting 20% of my monthly wage away then I’m just giving it to the taxman rather than investing it to make my business better. How many farmers put 20% away..... I think most spend as much as they can so they don’t pay tax
Probably how contractors work with all that big kit, doubt there's much money in it
 

pgk

Member
So you’ve left 4 farmers under similar circumstances?

You’ve posted your boss’s name in the screen shot of the messages ‘Stephen’ and then on the time sheet there’s the word ‘Gough’ which may or may not be his last name or the farm name perhaps.
Maybe just maybe you need to wind your neck in a bit as you come across as a cocky 18 year old I’m afraid. If this goes to court then this thread could be used against you as defamation of character. You don’t know for sure about the living accommodation because your not him.
Comes across as very mature and is finding out the hard truth of the agricultural industry, there are many farmers who play by their own rules. Strikes me a call to HMRC would be the best course of action. An employer compliance visit with details of hours worked should quickly assist the employer in correcting any misunderstanding he has of the rules which apply to all employers.
 
Easy to say yes but the way I used to see it was if I’m putting 20% of my monthly wage away then I’m just giving it to the taxman rather than investing it to make my business better. How many farmers put 20% away..... I think most spend as much as they can so they don’t pay tax
Keep a third, then let your accountant help you know what to use for tax and what to save in a pension. After the first couple of years like that you’ll get a better understanding of how things work and maybe be able to reduce the % whilst still avoiding any nasty surprises.

Sure, it’s good to invest to grow the business, but not healthy to have no cash flow reserves.
 

kiwi pom

Member
Location
canterbury NZ
Comes across as very mature and is finding out the hard truth of the agricultural industry, there are many farmers who play by their own rules. Strikes me a call to HMRC would be the best course of action. An employer compliance visit with details of hours worked should quickly assist the employer in correcting any misunderstanding he has of the rules which apply to all employers.
I agree and it may just be that his former employer just doesn't properly understand the rules. I think the OP said his ex bosses wife did payroll?
Its possible that they both have things wrong and have been underpaying staff for years. Unless they were audited by HMRC it would never be sorted.
Good on the OP for questioning things.

There's plenty of bad employees out there but not all bosses are good either.
 

BAC

Member
Keep a third, then let your accountant help you know what to use for tax and what to save in a pension. After the first couple of years like that you’ll get a better understanding of how things work and maybe be able to reduce the % whilst still avoiding any nasty surprises.

Sure, it’s good to invest to grow the business, but not healthy to have no cash flow reserves.
each to their own obviously. The amount I was earning I didn’t really fancy putting 20% just for the sake of keeping the taxman happy. I did everything I could to pay as little as possible. £6000 is still a lot to pay out when the time comes though.

glad I have just done my last self assessment forever!
 
each to their own obviously. The amount I was earning I didn’t really fancy putting 20% just for the sake of keeping the taxman happy. I did everything I could to pay as little as possible. £6000 is still a lot to pay out when the time comes though.

glad I have just done my last self assessment forever!
I went Ltd Co.....
 
Just to update, holiday pay is finally resolved. Was far from the amount which I calculated to be owed however working with acas, basically was advised to take what he was offering (about a 1/4 of the total amount) since even with 3 people at acas, they were struggling to work out holiday entitlement since there's like 6 different ways to calculate it ranging from 4.5 days entitlement to 14. If I took it further, it would be a long and expensive case and doubt a judge would be any better at working out the exact figure I'm entitled to. Happy that's it's over with now. Thanks for everyone's help
 

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Cereals 2020 tickets on sale

Tickets are now on sale for Cereals 2020, with early bird prices of just £15 and group discounts available.

Having sought and considered visitor and exhibitor feedback, the new Comexposium management team have cut ticket prices and made it easier for farmers to bring their whole family or staff party to the Event...
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