FieldOrnaments
Well-Known Member
Out of interest how would declaring this income work? It's listed as dissolved in 2010 on companies house
In an attempt at a very brief nutshell overview:Out of interest how would declaring this income work? It's listed as dissolved in 2010 on companies house
Ahhhh this makes sense thank you so muchIn an attempt at a very brief nutshell overview:
It may be that they are now running as a sole trader/partnership/private company and are not registered at companies house. (Though they could be registered under a different name). Quite legitimate and not a cause for concern in itself. It would mean that they could be personally held liable for any debts of the company, which doesn't happen with a registered (Limited) company, which is why companies generally get registered, for that protection.
In terms of the income, (whether it's a registered company or not) all money they collect/charge and all money they spend in the course of the business will need to be documented and submitted to HMRC annually for tax purposes at the very least. If their income is greater than their expenses, the balance (profit) belongs to the company/individuals to do whatever they want with.
I hope this makes some sense, and I also hope I haven't 'talked down' to you!
(If anyone has seen any glaring errors/omissions in what I've said please, please do correct me!)
You're not the only one. I'm finding it so infuriatingSorry I'm really irritated by it all.
There was another GFM for a "rescued dachshund" to have surgery for IVDD at Fitzpatrick referrals on my local community page this morning.
Just fed up of seeing people being fundamentally irresponsible (and I think not having back up plans for unexpected costs with animals is definitely that).
I was thinking about this…if I had owned one of these horses I would probably feel conflicted because as much as I’d want to be vindicated of ‘abuse’, it probably wouldn’t be worth the inevitable outpouring of hate from all the fans.I'd love the previous owners to come forward.
Donations I think are tax exempt to...I may be wrong but as a business there's a tax dodge there somewhere!So now that the public have generously paid for them and their care, is she going to let people ride them for free?
Not usually, unless it's a registered charityDonations I think are tax exempt to...I may be wrong but as a business there's a tax dodge there somewhere!
A quick Google suggests that you do not have to declare cash gifts.... Very clever...so the outgoings will of be declared against tax, but the go fund me income doesn't need to be...Not usually, unless it's a registered charity
It can be a grey area - strictly speaking, if a donation is made with no expectation of anything in return, then it could be considered a genuine gift. That should be a rare exception for any business though, so I don't know what the view would be on this, especially as GFM are becoming more common and less exceptional.A quick Google suggests that you do not have to declare cash gifts.... Very clever...so the outgoings will of be declared against tax, but the go fund me income doesn't need to be...
Bank account (business) lots of out goings. Tax deducted.
Gfm withdrawn into a personal account (maybe) no tax paid...
As I say it was a quick Google and read.
They do have a bit of a cultish following. A few times a year they will do a post about how heavy horses are not designed to carry heavy people, which always gets thousands of likes and lots of comments, and it brings in more people to their following. Same when they do their posts about horses living naturally and getting turnout. They play the social media game pretty well.I find it quite interesting and a little amusing to read their supporters comments. The latter fuel themselves and make the horses more and more abused before the auction without the owners having to do anything and the supporters start defending those who don:t gush and agree. Like some weird kind of pack behaviour
There must be a name for this kind of social media phenomenon. I've seen it recently in couple of other weird sm horse accounts, one being a chaotic stallion and it's owner, and at least one or two of the accounts with parents touting their kids on ponies for the world to see.
Thing is, they went to the auction hoping to buy one or two Suffolk fillies for their breeding programme, so they must have had the budget to buy at least one. This is why I couldn’t understand the whole barn roof thing as they (presumably) went to an auction with the intention of buying; it just so happened that they ended up ‘rescuing’ these two ‘abused’ horses that no-one else wanted (even though other people were bidding on them).Also the Go Fund Me spiel says they had the money for their barn roof in the bank account and they've spent that on horses. On their Facebook they said NFU were paying them for the damage to the barn caused in the storms, so is it that money they have spent? that doesn't seem right. They seem to accept this wasn't spare money, so they were sacrificing the welfare of the existing horses because they wanted to buy these two (and admit they had to bid to their limit for them, so they weren't at risk of being slaughtered). People are absolute nutters to donate to this "cause".
It's that whole Echo Chamber thing again.I find it quite interesting and a little amusing to read their supporters comments. The latter fuel themselves and make the horses more and more abused before the auction without the owners having to do anything and the supporters start defending those who don:t gush and agree. Like some weird kind of pack behaviour
There must be a name for this kind of social media phenomenon. I've seen it recently in couple of other weird sm horse accounts, one being a chaotic stallion and it's owner, and at least one or two of the accounts with parents touting their kids on ponies for the world to see.
Sadly, you might be on to something hereThing is, they went to the auction hoping to buy one or two Suffolk fillies for their breeding programme, so they must have had the budget to buy at least one. This is why I couldn’t understand the whole barn roof thing as they (presumably) went to an auction with the intention of buying; it just so happened that they ended up ‘rescuing’ these two ‘abused’ horses that no-one else wanted (even though other people were bidding on them).
Let’s face it, had they got the Suffolks for a bargain price at the auction, they wouldn’t be fundraising. When I realised this it made me even more annoyed! It’s like they couldn’t get the Suffolks so they looked for horses that might be useful to the business as ridden horses, only to paint them as poor abused rescues and get the public to pay.
Ironically, in the long run the Suffolk fillies could have ended up costing more in vets’ fees - especially as the two horses they’ve bought could well be earning their keep as trekking horses in the not too distant future!
And if they had been successful in buying the Suffolk fillies they were after would they still have 'rescued' these poor 'abused' horses?Thing is, they went to the auction hoping to buy one or two Suffolk fillies for their breeding programme, so they must have had the budget to buy at least one. This is why I couldn’t understand the whole barn roof thing as they (presumably) went to an auction with the intention of buying; it just so happened that they ended up ‘rescuing’ these two ‘abused’ horses that no-one else wanted (even though other people were bidding on them).
Let’s face it, had they got the Suffolks for a bargain price at the auction, they wouldn’t be fundraising. When I realised this it made me even more annoyed! It’s like they couldn’t get the Suffolks so they looked for horses that might be useful to the business as ridden horses, only to paint them as poor abused rescues and get the public to pay.
Ironically, in the long run the Suffolk fillies could have ended up costing more in vets’ fees - especially as the two horses they’ve bought could well be earning their keep as trekking horses in the not too distant future!