I think that she is probably now heavily reliant on the Patreon for income and ought to be putting a great deal more effort into providing content. Her books aren’t selling and she is not doing much in the media. She probably is in a bit of a funk. I hope that she has a good accountant.View attachment 255845
Close to a grand a month for absolutely nothing, just existing?
Topped up with SIX books worth of royalties, YouTube, aff links, website cash, Guardian think pieces, TV appearances, brand collabs (admittedly thin on the ground), freebies from brands it’s simply undeniable that she’ll be in the top 5% of the country, and with a diversified enough income to always be okay (unlike most of us who just have one employer?).
So not in the mood to hear wealthy people complain about their own financial mismanagement.
I wonder how much of her food is put through the books as business expenses? I am sure most of her other purchases are also paid for out of the business.So when she explicitly stated on thread #31 that she never had and probably never would make six figures she was... lying?! Well colour me gobsmacked.
She wants a big fancy house.All that money and she still hasn't saved up for a deposit on a flat...
Dont think you get those on Amazon?She wants a big fancy house.
I have a Brazilian lime, fig leaves and tea body wash I could send you - but maverick, but just the right side of exotic. You could then moisturise with the leftover lard.Fraus, I need to make a key lime pie but have no limes, can I use vinegar, or bottled lemon juice?
I only had lard in so am making the base with that, will it be OK?
Imagine how the poor sods on FB feel, still waiting for theWhere are the end results of Jack's photoshoot yesterday?
Come on man, I've been on tenterhooks all night and morning!
We had a full investigation by hmrc, it was awful. In the end it turned out they owed us money. If she's stressed now, wait until she has to undergo thatOnly if she was investigated by HMRC (you can be investigated at any time). If she hadn't paid the corporation tax or VAT on time then they would be wanting to know why so much money was taken out of the business when it should have been set aside for tax first. I don't know the ins and outs as I live in fear of a tax investigation, so I'm scrupulous with my tax and my expenses etc.
Babe, SAME.I'm gonna pause my catch-up and get sentimental for a second.
If a second lockdown does end up happening, it will be shitty. I'm sure a lot of us will battle with our mental health as much as we did during the first one, if not more because WINTER.
But this little group is amazing and you all make me squawk laugh every single day.
When you're not really seeing friends and family it's an absolute godsend and one of the reasons why I get so crotchety when people say all Tattle is, is a 'bullying hate site'.
This year I've been here more than ever and that's entirely down to all of you.
Now fuck off x
Very interesting! And it wasn’t even a very busy year for her.I was going to comment about this the other day and then wasn't sure if I should!
So she filed a set of micro accounts for the year to 31 March 2019 v late (she was in danger of being struck off). At that point there was £15,995 of cash in the business bank account. She had a tax bill (amounts owed are shown in brackets) of £28,014. This is likely to be the corporation tax owed for that year as it's always paid in arrears.
What that means is that she had insufficient funds in her company bank account for that tax year to pay her tax bill, and will be relying on income from the 2019/20 year to pay it.
I am also a freelancer and I was always taught: 1. Do not take out more from your business bank account than the tax owed because 2. If you have no income (or reduced income the following year) you may not have enough money to pay the tax bill as you still have to pay corporation tax on income from that year as well. This is how people end up going bankrupt when their income drops dramatically in subsequent years and they have spent the money that should be put aside to pay HMRC.
So essentially she's going to be in a cycle of robbing Peter to pay Paul - hence I think the realisation that she needs to cut down.
It's technically fine to run your business account this way as long as times are always good. But clearly she's had no income of any significance since Hellmans. This is why I don't do this because I couldn't sleep at night.
The other thing of interest is the amount of the tax bill. Corporation tax is 19% and is owed on your profits after expenses. At a v rough estimate that means there was a turnover in the business year to 31 March 2019 of approx £147k. We'll ignore VAT as it's paid quarterly and pretty much goes in and out (so is overall usually neutral in a micro company).
We can also see that at the point the accounts were made up, only £16k is held as cash at the bank, therefore approx £131k has been taken out of the business account that year. We know there is an assistant on the books as there are 2 employees shown on the accounts. Let's say including tax and NI the assistant has cost £25k to the business. That leaves a v generous approximation of £106k that will have gone to Jack in that business year.
Tax will also be owed on that via a personal tax return for the dividends or PAYE (however it's been taken out - there's v little difference these days in the overall tax due). If, as she states, she is only paying herself a living wage, then the rest has been put somewhere in her personal bank accounts, as it's not showing on the company bank account.
Obviously I can only comment on what's on the tax return for that year - there is another set of accounts due for the year to March 2020 and it will be interesting to see those when they appear.
I hope this is helpful - I don't remember anyone commenting in this much detail about the accounts at the time they became available. I'm not an accountant but I also run my own business (triangulate me if you dare) and I also file micro accounts, so they're easy for me to read.
I'll now fuck off as I'm BUSY today.
Same babe. JM was barely on my radar before that.I love hearing what tips people over the edge and into Tattle.
For me it was her stupid rant about JO (THAT MAN) . I noticed a thread here and never left.
I still reel that Jack actually turned up here to complain to us about how nasty we were.
Lawyer up bitches....etc.
Oh jeez, imagine her taking the saw out and brandishing it at the taxman (while wailing, weeping, sobbing, clawing at the ground etc)?We had a full investigation by hmrc, it was awful. In the end it turned out they owed us money. If she's stressed now, wait until she has to undergo that
(BTW, my husbands business partner upset someone and they reported us, he had an extravagant lifestyle and they wanted to know how he funded it with what went through the books. He had savings, and lived in his house that was paid for. They produced articles from the local press where they talked about how well we were doing, and him with his rolls Royce)
She did. But then she also said that she cut the labels out of her designer goods so who knows?Sorry if they topic has moved ahead as I'm grunkaling but didn't she say she bought luxury goods so she could sell them at a later date if strapped for cash?
“Just destroying my cereals”Oh jeez, imagine her taking the saw out and brandishing it at the taxman (while wailing, weeping, sobbing, clawing at the ground etc)?
Forgive me Fraus, but I'm not fully up to date (Grunka-ing along a few threads behind) but her meds posting has infuriated me.“Keep in touch with your doctor” “Call your doctor”
How about instead you don’t suggest that it’s easy to don your designer gear and stomp over to your GP and then be given drugs that would put you on what you scarily called ‘a rollercoaster’. Then swan about for weeks swinging away in your hammock chilling out reading books until you feel well enough to spend all fucking day on twitter.
Rage. I’m inarticulate but she’s such a bloody dangerous dickhead.
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