I paid myself £30k and my wife £5k a year to avoid HMRC accusing me of milking the system by trying to pay myself the Minimum Salary and dividends, the rest stayed in the Company until I closed the Company down, for two years after I retired iI paid myself £20k in dividends and when I closed the Company I still had £60k in the Business Account which I didn't owe any tax on so went straight into my Bank so it worked out ok for me to not play the system Also I kept a spreadsheet showing all income and expenditure, and everything I could legally claim as expenses and the figure I expected to pay in Corporation Tax which I sent to the Accountant with all the back up documentation, all he had to do was check everything was correct and send me the Year End Account for the Company Secretary to sign, I was never more than a £100 pounds out on the Corporation Tax I paid him £500 hundred pounds for agreeing the figures with HMRC, all the freelancers that didn't do what I did ended up paying their Accountants around £2k
Good of them to sort a two day weekend, given that's how many days are in a weekend. If they can sort me a three day one, I'm all over it.
It wouldn’t work for every job but a four day week with longer working days should be more of a thing than it is.
Completely agree. I happen to have one of those jobs that it wouldn't work with though, sadly. Although to he honest, I've manged to **** off to play golf three out of the last five Friday afternoon's, so may as well make it official.
Quite a lot of people at mine do four days for the same salary. Parents mainly which is cool until there’s a project with half a dozen of them and the only day they all work is a Monday. But yeah Fridays particularly after 12 nothing worthwhile is getting done anyway.
I’m able in my contract to take off alternative Fridays. 2 x 37 hour week done in 9 days. It’s a real benefit and in Engineering and working with Europe, most of them are gone by 11 in a Friday for the weekend.
I did a 4 day week at a few places, better known as compressed hours. Use to work well for me and football. I'd work Mon - Thu, 3 day weekend. if I couldn't get that, take the Monday off and work Friday, or break the week up with a Wednesday off. Same money. Although I went through a period of working late evening until early hours, even better with compressed hours, because the unions fought for me to get extra pay having to work unsocial hours as a non union member lol. **** the unions I say. Can't wait for Duggie to read this bit. #OneOutAllOut
Was thinking actually, if you work compressed hours, you have to remember your holidays and bank holidays have to be calculated differently, you don't get any less (or more) but you need to be aware of the rules around it.
Because I work shifts and odd hours, booking time off is a bit of an art form; some weeks we’re booked to work 72 hours, and others it’s only 24. I once did a roster where I could take 13 days off straight, using 4 only days annual leave. And that came round every 5 weeks.
Isn't it a legal requirement now for employers to be able to offer flexible working (unless there are sound operational reasons not to be able to) ?
Dunno mate. Maybe to offer flexible in terms of late starts/late finishes for parents but doubt offering a 4-day week is mandatory. 3-1 Lewes by the way
