Well half of that is true, anyway.
NSC no longer 'belongs' to me personally but to a company called Blue Seagull Technology Limited. I'm not sure anyone has noticed yet, but at the bottom of every page on NSC is the line:
Why has this been done?
I spend quite a bit of time tinkering behind the scenes on NSC, more than Mrs Bozza is probably happy with, and recently that has focused on the adverts we carry. The result has been a dramatic upswing in advertising revenues - NSC is earning some pretty decent money now. By way of example, although it looks as though it may have been a freak month, in January NSC earned c£2,500 from Google Ads alone.
Unfortunately, with NSC 'belonging' to me, all NSC profits would be seen as personal income and as such would be liable to my income tax etc. Needless to say, I'm not a basic rate tax payer.
What does this mean?
Day to day it makes no difference at all - NSC is the same NSC it has always been, for better and for worse.
With NSC sheltered in a limited company this tax burden will decrease, meaning NSC will have to give less earnings to the tax man, which is good. However we will be paying an accountant a small fee for helping with annual returns and the like.
There is an additional benefit in all this for me. From time to time I receive various threats of legal action relating to posts on NSC. To this day none have come to fruition, but if they did, there is now far less chance of me losing my family home as action would be against Blue Seagull Technology which could easily be liquidated.
Also, with NSC's various domains now registered to Blue Seagull's registered office in Reading, maybe I'll get less personal threats from people who previously found it easy to find my details. Yes, sadly that does happen.
There are a few financial bits and pieces that have got caught up in the transition, most notably the Amazon Christmas shopping prizes. I'm just waiting for a guide on how to deal with those, but rest assured they WILL be honoured.
Now, I realise most of you will not care about this one jot - you like just rocking up here, posting some stuff and going away again. However, I've always tried to be transparent as I know some people do care.
NSC no longer 'belongs' to me personally but to a company called Blue Seagull Technology Limited. I'm not sure anyone has noticed yet, but at the bottom of every page on NSC is the line:
Why has this been done?
I spend quite a bit of time tinkering behind the scenes on NSC, more than Mrs Bozza is probably happy with, and recently that has focused on the adverts we carry. The result has been a dramatic upswing in advertising revenues - NSC is earning some pretty decent money now. By way of example, although it looks as though it may have been a freak month, in January NSC earned c£2,500 from Google Ads alone.
Unfortunately, with NSC 'belonging' to me, all NSC profits would be seen as personal income and as such would be liable to my income tax etc. Needless to say, I'm not a basic rate tax payer.
What does this mean?
Day to day it makes no difference at all - NSC is the same NSC it has always been, for better and for worse.
With NSC sheltered in a limited company this tax burden will decrease, meaning NSC will have to give less earnings to the tax man, which is good. However we will be paying an accountant a small fee for helping with annual returns and the like.
There is an additional benefit in all this for me. From time to time I receive various threats of legal action relating to posts on NSC. To this day none have come to fruition, but if they did, there is now far less chance of me losing my family home as action would be against Blue Seagull Technology which could easily be liquidated.
Also, with NSC's various domains now registered to Blue Seagull's registered office in Reading, maybe I'll get less personal threats from people who previously found it easy to find my details. Yes, sadly that does happen.
There are a few financial bits and pieces that have got caught up in the transition, most notably the Amazon Christmas shopping prizes. I'm just waiting for a guide on how to deal with those, but rest assured they WILL be honoured.
Now, I realise most of you will not care about this one jot - you like just rocking up here, posting some stuff and going away again. However, I've always tried to be transparent as I know some people do care.
??
Cheers Bozza...
