Excellent video buddy, i am just starting out on this path, lots of info and given across in an easy, digestible way. Thanks for taking the time to put this out there.
Thanks 🙏 .. I remember finding everything quite overwhelming at the very start too but definitely don’t let that put you off and things get a lot easier with time and knowledge, good luck with business for now 🙌
Good video thanks My Guess is the next video you do is about Dividend tax rates being the same as Income Tax rates with a Labour Govt its been too good for two long low salary high dividends I hope I am wrong if it happens its a 11% tax increase so even as a basic rate director your paying 40% tax as a higher rate tax payer it dosent bare thinking about and i bet there are pension changes on the way too
Thanks for your comments Tanya! I’m glad you found it useful and simple to understand. These topics tend to be unnecessarily complicated. Good luck with your business!
Man, I just followed your step-by-step instructions to set up the Ltd two months ago, and I will register the trademark; please let me know if there are any changes in the process! Thank you so much 🤓🙌@@TheHolisticHustle
Very useful. However, does auto enrollment for pensions apply to directors like other employees?I am not impressed with the expensive auto enrollment options available, hence have limited salary to £750pm to avoid employers NI and to avoid auto enrollment (company pays into a SIPP instead).
If i create a company in Uk, but I live in Costa Rica, no employees, only me, do I still have to pay insurance? I dont care about that or pension because I don't live there... Also, I plan to create a company to be able to run kickstarters, which means I wont have a monthly income for the company. How do payments work that way? Can a company not pay the montly salary?
Hey Jay, if only they were per month 🙏.. all the number are per year and I think I’ve broken it down into monthly figures in a couple of areas to put it into perspective but you’ll see those numbers as labelled ‘per month’. Hope that’s helped 🙌
I found your video to have great content! I'm starting as a freelancer with a £400 day rate. Could you please let me know if you have any videos or playlists that guide me through the process from setting up a limited company and bank account to PAYE setup? P.S. I want to do this on my own and learn instead of hiring a CA.
Hey VR, I have a video on how to set up a limited company which you could use to register your company: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-1KjVQ62P21E.html If you need any more help then feel free to get in touch with me for a 1-2-1 coaching session: bit.ly/3UbUSeN Hope that helps and good luck for now 🙌
