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Is £55K after tax and everything a good return on £200K

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Old 13 April 2005, 08:40 PM
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Stueyb
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Default Is £55K after tax and everything a good return on £200K

As per title really,

Just been doing my sums and by god the government give small biz owners a kicking in terms of tax.

So after all the sums are done, if I sell 20 a week I should end up with 55K after taxes. Does it sound reasonable ? Bit disappointed actually, had higher hopes but 55K aint to be sniffed at for 2 hours a day.
Old 13 April 2005, 08:56 PM
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Vegescoob
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Approx £1k a week for 10 hours. £100/hour sounds ok. Please though, go see an accountant to make sure you've worked it all out ok.
Old 13 April 2005, 08:58 PM
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Luminous
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That works out at about £105 per hour. What else are you going to be able to do that will give you that sort of return. I would not be disappointed with that at all, more than most people can earn.
Old 13 April 2005, 10:36 PM
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RRH
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you won't find much returning in excess of 25% after tax that's legal so fair play to you matey. are you going to share the secret?
Old 13 April 2005, 11:00 PM
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warrenm2
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if you dont know then you shouldnt be in business
Old 13 April 2005, 11:04 PM
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dpb
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its not cheap rovers is it....
Old 13 April 2005, 11:13 PM
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Stueyb
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rovers, lol you couldnt give em away at the mo, all the rover owners round here are looking glum faced lol. As for what is, well lets just say if I pull if off, there is very little chance of anyone else getting in on the market as the barriers to entry are high as well as having to knowi a few people in the "old boy network" so to speak.
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