Did Moore's law take a sabbatical in the last 3 years ?

[keynes]

Example 2: Self-employed person earning 100,000 and paying tax at 40% and having no other expenses they can offset against taxes, also has 60,000 net income and 40,000 they have to pay to the Inland Revenue. Now if this person wants to buy a 2,400 computer, first of all they can claim the VAT back. Then, as it's a business expense, it reduces the amount of income to be taxed from 100,000 to 98,000, so there's less tax to be paid. The end result being that 1,200 of the price of the PC is being paid out of net income, the other 800 (40%) is being paid out of the 40k that was destined to be for the IR, and the VAT we already got back. Net result, Self-employed person gets 60,000 - 1,200 = 58,800 net and has paid only half the price of the computer. The other 40% of the VAT-free amount was going to the IR but instead went to the PC provider.

Thank you sir
Wonder if I could claim my PS4 and ipad as business expense

 

[GeorgeHillier]

I don't think I need a better GPU. I really don't run anything too taxing for the display. No 3D rendering, or demanding games. As for the 2x1TB SSD, it's true, I could continue with a 256GB SSD and 2TB HDD, but I've been doing that for the last 3 years and the HDD just drags the performance of the whole thing down. I'm sick of it. Comparing SSD prices now to how they were 3-4 years ago, I already think they're cheap enough now. I'll be using this new laptop at least 12 hours a day 5 days a week and don't want anything in there that's slowing me down, and HDD's most definitely were.

As this will be a business expense (being self employed in the software field) the taxman effectlvely pays for half of it anyway [rollinglaugh]

Fair enough, wish I could afford 2x 1tb SSDs! Looks like a good machine though

 

[d4005]

Thank you sir
Wonder if I could claim my PS4 and ipad as business expense

If you're in the right business, sure That reminds me, I didn't claim my Nexus 7 tablet which I do actually use for work (testing HTML5 stuff on it).

Btw, it's a bit more complicated than I mentioned. There's amortisation over a few years, which means you get a portion of the tax deductibility each year. But at the end of the day, it's more or less how it works.

 

[keynes]

Btw, it's a bit more complicated than I mentioned. There's amortisation over a few years, which means you get a portion of the tax deductibility each year. But at the end of the day, it's more or less how it works.

I got an accountant for that, she never mentioned the VAT bit being self employed.

 

[d4005]

You have to be VAT registered for that. Under (around) £80k it's optional, above it's mandatory. Shows how long it's been since I was self-employed in the UK. I think it was £35k last time I contracted in blighty.

 

[PokerFace]

Person working as a regular employee earning 100,000

Ok, bye-bye mum, I'm off to find a job in Munich or New York!

 

[d4005]

Ok, bye-bye mum, I'm off to find a job in Munich or New York!

On 100K your Mum could go with you and keep your luxury apartment clean

I just used 100 because it's an easy number for percentage examples.

 

[PokerFace]

I just used 100 because it's an easy number for percentage examples.

I'll try that on my boss and say they can employ less payroll staff 'cos my tax etc. will be easier to work out.

 

[mantadog]

I'll try that on my boss and say they can employ less payroll staff 'cos my tax etc. will be easier to work out.

They will be more likely to employ less payroll staff because you get sacked... Though if you do try it, please, PLEASE film it.

 

[mdwh]

Well the Sandy Bridge CPUs (i5-2500, i7-2600 etc) were released at the beginning of 2011 and the new Devils canyon CPUs are just being released, thats 3.5 years and not much change at all

To clarify, I was responding to "Nowadays, it seem latest CPU and same equivalent from a year ago.. only tells difference in benchmarks.", not Sandy Bridge.

Have you ever seen your CPU maxed out 100% in anything other than a benchmark?

Video conversion Though yes, CPUs are fast enough for most users most of the time.