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Yes, you're over-stretching yourself with IR35 Nick, unless you've seen the contract and know their working practices.
I wouldn't advise trying to FUD a contractor forum...
"I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank...
Yes, I think paying slightly less at £624/month may be a better salary as there will be no NI/PAYE due on that amount and net dividends of up to £31,488.
For some reason my accountant recommended £600 salary though.
You might want to pay your wife less salary depending on how much work she does for the company. If her input is negligible then just give her the shares/dividends and don't pay a salary - we hear that HMRC can get a bit grumpy if your spouse does no obvious work to earn her salary. I can't help but think of all those MP's wives who were paid a salary out of MPs expenses for doing bugger all though...
Free advice and opinions - refunds are available if you are not 100% satisfied.
Yes, I think paying slightly less at £624/month may be a better salary as there will be no NI/PAYE due on that amount and net dividends of up to £31,488.
For some reason my accountant recommended £600 salary though.
There is also a question hanging over making your wife a partner in your company. It can go horribly wrong if you start having problems. She will own half your company.
Thanks for this links.
I established my company only two months ago. Now some accountant told me it will be possible to add my wife as a shareholder retroactively (i.e from start of the company). Is this really possible?
I established my company only two months ago. Now some accountant told me it will be possible to add my wife as a shareholder retroactively (i.e from start of the company). Is this really possible?
Yes.
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