I know we all have off days but the fact she’s saying what she’s done today is take a selfie and paint her nails ... I know she is self employed etc but considering she makes out like she works so hard it’s just annoying and I’m sure a lot of people don’t have the patience for it. I don’t know how she has the following that she does.
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If she has set herself up as a Ltd company the money isn’t hers. She may have been paying herself a small tax beneficial salary of about 6-10k annually and I am sure that is what would be assessed in the mortgage and would therefore not be enough? This is a complete guess. Technically whatever money her company accounts show in the bank is the companies money not hers.
I bang on about this but who is advising her social media strategy. Posting just for the sake of it doesn’t always help you grow your influence and followers as people get sick of you. I think she must do it out of boredom, because her ‘content’ is so mundane it serves no purpose, and it’s not even relatable as most people are working or looking after family or whatever, not prancing round working out every single day and doing videos about their houseplants
Absence makes the heart grow fonder Zambia...
Absence makes the heart grow fonder Zambia...
Sorry if this is a stupid but then whose is it? If she owns the company and no one else is involved? why would it be beneficial to pay herself a low salary and if so where is she getting the money to live/spend 4K on a bag etc? Thank you in advance
I have no clue about these things but eager to learn moreThe company is a separate legal entity from the shareholder (Zanna) and has its own tax filing obligations etc...Sorry if this is a stupid but then whose is it? If she owns the company and no one else is involved? why would it be beneficial to pay herself a low salary and if so where is she getting the money to live/spend 4K on a bag etc? Thank you in advance
if Zanna wants to take the money out of the company she has to do so either via salary or dividends, usually a combination of both. She has to pay income tax on the money she does take. It’s beneficial to pay a low salary as the first £8kish is not subject to any tax or national insurance.
She doesn’t “own” the money until it is taken out of the company.
Does that make sense
Not sure where she gets her Chanel money from
maybe ant gives her pocket money?Ok thank you for explaining that does make some sense! 
The only question I have is what happens to the money that is kept in the company and what’s the point of earning it if it doesn’t go to you? 
The only question I have is what happens to the money that is kept in the company and what’s the point of earning it if it doesn’t go to you? If you want it you have to take it via dividends (and pay tax) otherwise it has to stay in the company.Ok thank you for explaining that does make some sense!
When you’ve finished trading you can liquidate the company and take any money left over at that point.
haha I think the point of it is that companies pay lower tax (19%) than individuals do (45% at the highest rate) x
There are specialist banks that will offer mortgages based on retained profits
she’s obviously not on the mortgage anyway so doesn’t really matter! The main reason someone would operate through a company is the company has limited liability vs a sole trader having unlimited liability. Limited liability basically means if the company defaults on a debt the creditor can only take away company assets/company cash and they can’t touch anything you own personally. As a sole trader your own assets (house/car/bank account) can be at risk. Also it looks more professional and perhaps better admin wise to keep things separate. The lower tax liability is a bonus!
Yes what @Sazoflora said. If she works for the company she can claim alot of expenses which reduces her tax bill. So say for example she does a video for content she can expense everything to the company. Coffees travel, computer equipment, possibly even a handbag.....Ok thank you for explaining that does make some sense!
so her can company pays what she decides is business use and then she takes a salary and dividends.So there can be a tax advantage and a limited liability advantage.
You definitely cannot claim a handbag or clothing as a business expense 
Subsistence (coffees and lunch) and travel for work purposes though yes definitely.
Subsistence (coffees and lunch) and travel for work purposes though yes definitely.Yes what @Sazoflora said. If she works for the company she can claim alot of expenses which reduces her tax bill. So say for example she does a video for content she can expense everything to the company. Coffees travel, computer equipment, possibly even a handbag.....Ok thank you for explaining that does make some sense!
so her can company pays what she decides is business use and then she takes a salary and dividends. The company has its own tax return as it is separate legal entity from her.I said the handbag in jestYou definitely cannot claim a handbag or clothing as a business expense
Hypothetically though if she bought a bag for content and never used it again it is technically wholly and exclusively used for business, you would have a business case, the issue is as soon as you use it personally/privately you lose your case. So it is not realistically a business expense.
The bags some influencers use in giveaways may well be claimed as a business expense.
Just saw this on insta - literally made for Zambia
You can if you claim you have to buy specific clothing for your job... which she could but it would be lying but then.... this is Zambia we are talking aboutYou definitely cannot claim a handbag or clothing as a business expense
Yep, specific (usually protective) clothing or a branded uniform would be ok. Hopefully her accountant is keeping her on the straight and narrow!
So things like Maldives for bikini shoot can go down as expenses?Yes what @Sazoflora said. If she works for the company she can claim alot of expenses which reduces her tax bill. So say for example she does a video for content she can expense everything to the company. Coffees travel, computer equipment, possibly even a handbag.....
I said the handbag in jest
Hypothetically though if she bought a bag for content and never used it again it is technically wholly and exclusively used for business, you would have a business case, the issue is as soon as you use it personally/privately you lose your case. So it is not realistically a business expense.
The bags some influencers use in giveaways may well be claimed as a business expense.
A friend has a Ltd company and takes £12,500 a year as pay so they aren't taxed and £2-3k a month in dividends. The dividends are taxed lower I believe?
Oh so you can take dividends to complement your salary that makes a lot of sense!! Thanks everyone was good to know!
I would love a storage cupboard that big let alone a pantry.
Had a quick look and basic rate income tax is 20% and then dividends the first £2k per year is tax free and basic rate tax is 7.5%. So my friend gets £14.5k tax free and then dividends taxed lower than if it was salary
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