RANT CORNER

[firlandsfarm]

The CEO of Thames Water, who resigned yesterday was on around £1.5m a year in salary while the company is Billions in debt! Talk about being rewarded for failure...

Don't know much about how PLCs work but I really struggle to understand how shareholders can receive their dividends while the company's losing money and letting the network deteriorate. Presumably we're paying their dividends and the director's bonuses!

One of the things with dividends is they have to be maintained for trustees to be able to invest in the company. Director's bonuses is a completely different matter! But still doesn't compare with football managers.

[firlandsfarm]

Why do people place very large amounts of money in a market, leave it there for a few seconds, and then remove it ?

To temporarily distort the market

[Archery1969]

The CEO of Thames Water, who resigned yesterday was on around £1.5m a year in salary while the company is Billions in debt! Talk about being rewarded for failure...

Don't know much about how PLCs work but I really struggle to understand how shareholders can receive their dividends while the company's losing money and letting the network deteriorate. Presumably we're paying their dividends and the director's bonuses!

One of the things with dividends is they have to be maintained for trustees to be able to invest in the company. Director's bonuses is a completely different matter! But still doesn't compare with football managers.

Its illegal to pay dividens to share holders if the company is making a loss but previous debts are excluded. So, Thames Water and others could be making a yearly profit, pay dividens and bonuses but on paper be seriously in debt. I not an accountant but I think previous debts, depending on what they are, maybe treated differently on tax accounts.

And for those who dont know, look at this table example and you soon realise why company directors take small salaries and pay the extra in dividens, it means they pay peanuts in tax.

[Derek27]

Don't know much about how PLCs work but I really struggle to understand how shareholders can receive their dividends while the company's losing money and letting the network deteriorate. Presumably we're paying their dividends and the director's bonuses!

One of the things with dividends is they have to be maintained for trustees to be able to invest in the company. Director's bonuses is a completely different matter! But still doesn't compare with football managers.

Its illegal to pay dividens to share holders if the company is making a loss but previous debts are excluded. So, Thames Water and others could be making a yearly profit, pay dividens and bonuses but on paper be seriously in debt. I not an accountant but I think previous debts, depending on what they are, maybe treated differently on tax accounts.

And for those who dont know, look at this table example and you soon realise why company directors take small salaries and pay the extra in dividens, it means they pay peanuts in tax.

I studied business accounting to O-Level standard as I used to write accounting software for small businesses but I don't think it covered PLCs. Where is the logic in the government taxing people 8.75%?

I thought the tax system was extremely complicated which allowed accountants to find loopholes but 8.75% is a straight forward giveaway.

[Archery1969]

One of the things with dividends is they have to be maintained for trustees to be able to invest in the company. Director's bonuses is a completely different matter! But still doesn't compare with football managers.

Its illegal to pay dividens to share holders if the company is making a loss but previous debts are excluded. So, Thames Water and others could be making a yearly profit, pay dividens and bonuses but on paper be seriously in debt. I not an accountant but I think previous debts, depending on what they are, maybe treated differently on tax accounts.

And for those who dont know, look at this table example and you soon realise why company directors take small salaries and pay the extra in dividens, it means they pay peanuts in tax.

I studied business accounting to O-Level standard as I used to write accounting software for small businesses but I don't think it covered PLCs. Where is the logic in the government taxing people 8.75%?

I thought the tax system was extremely complicated which allowed accountants to find loopholes but 8.75% is a straight forward giveaway.

Agreed.

Look at this calculation, pay yourself £12,000 per year in salary and £100,000 in dividens and your tax liability is very nice indeed. You basically avoid higher rate taxes.

[Derek27]

Forgot to put my beers in the fridge last night!

[firlandsfarm]

These examples quoted do not tell the true story. Dividends are paid from profits AFTER Corporation Tax has been paid whereas salaries are paid before Corporation Tax is paid, salaries are a deduction from profit, dividends are not that's why the individual only pays 8.75% Income Tax, the payment has already suffered Corporation Tax. However things are not as simple as that ... salaries attract NIC whereas dividends do not. This is why people need to consult tax advisors/accounts.

[firlandsfarm]

Its illegal to pay dividens to share holders if the company is making a loss but previous debts are excluded. So, Thames Water and others could be making a yearly profit, pay dividens and bonuses but on paper be seriously in debt. I not an accountant but I think previous debts, depending on what they are, maybe treated differently on tax accounts.

Yes, but ... dividends can be paid from previous (accumulated) profits ... reserves. I believe paying dividends in a year where the company traded at a loss can be justified because they are being paid from previous year undistributed profits but paying director bonuses when the company they manage made a loss is totally unacceptable. The company I was a director of paid director bonuses as a percentage of profits ... no profit, no bonus!

[Derek27]

I've just pissed all over my bathroom floor!

They don't make penises like they used to!

[Derek27]

It tickles me when something very serious occurs and the person responsible for dealing with it says, we're taking the matter very seriously!

[Derek27]

I inadvertently pressed a key sequence that triggered a keyboard shortcut. Microsoft took a screenshot and uploaded it to my OneDrive account in a folder called Pictures!

Who the fuck do they think they are choosing what gets stored in my account and even deciding what folder to put it in? I'm switching!

[firlandsfarm]

I inadvertently pressed a key sequence that triggered a keyboard shortcut. Microsoft took a screenshot and uploaded it to my OneDrive account in a folder called Pictures!

Who the fuck do they think they are choosing what gets stored in my account and even deciding what folder to put it in? I'm switching!

Depending what was on your screen you may get the blackmail email tomorrow!!

[Derek27]

I inadvertently pressed a key sequence that triggered a keyboard shortcut. Microsoft took a screenshot and uploaded it to my OneDrive account in a folder called Pictures!

Who the fuck do they think they are choosing what gets stored in my account and even deciding what folder to put it in? I'm switching!

Depending what was on your screen you may get the blackmail email tomorrow!!

I was entering my market results in my accounting database. OneDrive is encrypted, but Microsoft possess your key and if the servers are in the US they could be forced to hand over your data to the FBI.

I'm gonna switch to a paid zero-knowledge encryption cloud like IDrive.

[firlandsfarm]

I was entering my market results in my accounting database. OneDrive is encrypted, but Microsoft possess your key and if the servers are in the US they could be forced to hand over your data to the FBI.

I'm gonna switch to a paid zero-knowledge encryption cloud like IDrive.

Good move, sometimes we get too into saving a few £'s looking for a free service!

[ShaunWhite]

I'm gonna switch to a paid zero-knowledge encryption cloud like IDrive.

Good move, sometimes we get too into saving a few £'s looking for a free service!

Free stuff is a waste of time, it's only free until they've got customers then they start charging.

But it's the difference between cost and value. Bugs me when someone on tv says "this car is worth £1m".....no it isn't, it costs £1m, 'worth' is entirely subjective.