That's not how it works. It's not about setting up a company to make yourself under the threshold. They're only under the threshold because of how they've structured their finances.

1. Set up company.
2. Be director of company.
3. Also be only employee of company as a separate legal entity.
4. Get people to pay the company for any work the employee (i.e. you) does.
5. Pay the employee (i.e. you) a maximum of just below the threshold for income tax each year.
6. Anything else starys in the company.
7. The company pays the director in the form of dividends (i.e. you) at a reduced tax rate any extra money it may have collected.
8. You've saved income tax entirely and you've reduced your tax liability on anything else.

Here's Kate's registered companies which are free to look up online by anyone. Whilst Kate the employee scrapes by under the tax threshold and has to graft on Onlyfans, Kate the director is in charge of a company that at the year end 2023 owed £164,586 (2022- £172,382) to the director (i.e. Kate).

Partial support is coming in four years time they've announced. We just have to wait 🫠.

According to a census conducted by the Musicians’ Union, nearly half of working musicians in the UK earn less than £14,000 a year from their craft

Interestingly just under the income tax threshold. So you could quite easily set yourself up as a Ltd with you as the director and sole employee, claim the full income tax threshold as the employee and live off the dividends as a director whilst saving tax there too.

I wonder if these musicians have considered a more tax efficient route for their craft? What a crazy idea. Of course musicians are famous for assiduously paying all the taxes they can.

Someone with more time than me might be interested in looking up the holding companies for Kate Nash or Lilly Allen and checking out their finances. 🙃😄.

Okie dokie buddy 👍

Let me remind you how you responded to this:

Why should we all have to work just to survive

where do you think your food comes from? Who build the room you sleep in?

with that being said, our labour is severely abused by the owner class as we barely get enough out of it to pay the bills.

You told the poster "to go fuck themselves for being easy to control". How do you go from being in a discussion about the level of work society has to ask of it's citizens to telling the person you're responding to to go fuck themselves to now saying that because they don't agree with you they're a fascist? 🤣 I mean you have to laugh as the poster acknowledged that the level is skewed to the owning classes and you still attack them.

Take a step back and reassess your comments. 👍

fasciats

?

You can chastise their ideas without insulting them. It makes you look like a crazy person. Do you want to change people's minds or simply shout at them?

And if you can't do that, well that's rather sad.

😂

Fuck you for being so easy to control

Steady on chap. No need to start insulting people.

Productivity is so immensely high with computers

🤣🤣🤣🤣🤣🤣😂.

Oh wait, you're serious?

For trainers and joggers. Yes.

Everything named Concord crashed and burned as a result of overconfidence.

https://en.wikipedia.org/wiki/Concorde

It is school yard bullying: "Do what I say or I will punch you".

It absolutely is. But they call it "Balance Of Power" in polite circles.

What's the connection between US/UK trade balance and Netanyahu anyway.

This was said by an elected Senator from the United States of America. It doesn't have to make sense or follow any reasons. 😂

There are three players that can hurt our economy. The UK, the US, and the EU.

They've been losing money.

How is this not being able to use your phone?

Home Assistant eh? Thanks! 🙏

More and more Labour grandees are coming out against the bill. Doesn't look good for its passage.

Gordon Brown, son of a preacher man (hooooooo), has said this morning that the death of his young daughter has proved to him that assisted dying is wrong. As if a child could consent to assisted dying. FFS. Religion.

I too would like to know the app.

And I think it is blue.... but really blue!

Seemingly the UK is worried that it will lose influence (read trade) with not just Israel but Israeli allies (read US).

It's crap, but this is the world we live in.

Never again.... unless you're brown.