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+---- Forum: Studio 66 TV (formerly Elite TV) (/forumdisplay.php?fid=255)
+----- Forum: STUDIO 66 TV (/forumdisplay.php?fid=66)
+----- Thread: Studio66 & OnlyFans (/showthread.php?tid=74869)
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RE: Studio66 & OnlyFans - The Goatman - 23-10-2018 16:44
Are all of you guys employment lawyers?
RE: Studio66 & OnlyFans - HannahsPet - 23-10-2018 16:57
Armchair Emplyment lawyers of course
RE: Studio66 & OnlyFans - WelshMichael - 23-10-2018 17:03
Here is the government's definition of employment status. There are some grey areas between worker and self employed status that may be relevant:
https://www.gov.uk/employment-status
RE: Studio66 & OnlyFans - tiffanyridesme - 23-10-2018 17:03
(23-10-2018 13:05 )Rake Wrote: Further complication is that while most of the presenters may be self-employed as sole traders; some of them may route their S 66 income through a limited company in order to only pay the advantageous corporation tax rate.
If they do the latter they run the risk of falling foul of HMRC IR 35 rules.
I doubt this is that important I don't see them saving £100,000 a year in a company for a rainy day the girl's don't earn enough to get a massive benefit from this
RE: Studio66 & OnlyFans - Rammyrascal - 23-10-2018 17:10
(23-10-2018 11:55 )HEX!T Wrote: seemingly 6 have said there off.
valentina is off in november to babestation days... simply because they pay there girls to do the cams. not because of the OF.
i guess she doesnt know they also take 70% of her cam earnings.
Valentina’s leaving? Where she said that?
RE: Studio66 & OnlyFans - HEX!T - 23-10-2018 17:32
pm sent... i dont give sources in the forum.
RE: Studio66 & OnlyFans - Rake - 23-10-2018 17:49
(23-10-2018 17:03 )tiffanyridesme Wrote:(23-10-2018 13:05 )Rake Wrote: Further complication is that while most of the presenters may be self-employed as sole traders; some of them may route their S 66 income through a limited company in order to only pay the advantageous corporation tax rate.
If they do the latter they run the risk of falling foul of HMRC IR 35 rules.
I doubt this is that important I don't see them saving £100,000 a year in a company for a rainy day the girl's don't earn enough to get a massive benefit from this
Even agency nurses do it. I am sure they don't pull anywhere near what the top babes do. There's no lower limit entrance income threshold to limited company ownership.
The attraction is stark: 19% tax Vs. 40% (and corporation tax going down to 18% in 2020).
RE: Studio66 & OnlyFans - hairbald - 23-10-2018 18:19
(23-10-2018 17:49 )Rake Wrote: Even agency nurses do it. I am sure they don't pull anywhere near what the top babes do. There's no lower limit entrance income threshold to limited company ownership.
The attraction is stark: 19% tax Vs. 40% (and corporation tax going down to 18% in 2020).
Once you take other deductions most contractors pay about 12%. When I'm paying some of mine £850 per day it's a he'll of a difference (ie £170K per year would be 68K at 40% (yes I know it's more complex) against some 20k at 12%). God I hate contractors
RE: Studio66 & OnlyFans - lovebabes56 - 23-10-2018 18:22
(23-10-2018 17:32 )HEX!T Wrote: pm sent... i dont give sources in the forum.
sent pm to you, hope u can get back to me (in strictest confidence)
RE: Studio66 & OnlyFans - hairbald - 23-10-2018 18:24
(23-10-2018 16:44 )goatman222 Wrote: Are all of you guys employment lawyers?
My day is spent around large contracts multi million pound contractsand though I rely on lawyers and commercial managers for detail they are essentially my contracts. It's no fun I can tell you and I'd rather get on and deliver stuff, but hey ho, that's where the IT industry is these days sadly