Originally posted by zippo
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Originally posted by slackbloke View PostDepends if you are income shifting? If you are then it is a constraint as you would not be able to maximise the use of both personal tax allowances. If you stayed below the higher tax limit by paying yourself just up to the limit, you would not be able to pay the same (due to the 55/45 split) to your partner and therfore not take full advantage of their allowance.
Alhough messy, you can get around this by making a dividend waiver
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Originally posted by bracken View PostAlhough messy, you can get around this by making a dividend waiver
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Originally posted by slackbloke View PostWould think settlement legislation would apply maybe?
I'm happy to be corrected by brains far larger than mine but my understanding is that following the postponement of the Family Business Tax legislation, this is not as issue.
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Originally posted by bracken View PostI'm happy to be corrected by brains far larger than mine but my understanding is that following the postponement of the Family Business Tax legislation, this is not as issue.
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I'm overwhelmed at the response I've had Some interesting discussions too!
Sincere thanks to everyone - I'll let you know how I get on over the next few days.
If I get the gig, I'll order a contract review, set up Ltd Co. and register for VAT immediately; billing Pending VAT in the meantime.
I think I'll also join the PGC.Comment
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Ir35.....
Guy's,
Is there anywhere I can read up on the kind of things I should be doing in the back ground to my contract that can help with avoiding IR35, things such as drumming up further business, having a compnay web site, business cards etc etc.
CheersSAY NO TO RETROSPECTIVE TAXComment
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Originally posted by zippo View PostGuy's,
Is there anywhere I can read up on the kind of things I should be doing in the back ground to my contract that can help with avoiding IR35, things such as drumming up further business, having a compnay web site, business cards etc etc.
Cheers
I think it is worth joining PCG and checking all their stuff, and trawling this forum .Comment
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Well I didn't get the gig. Ho hum.
But I'm determined to get my first contract soon and will apply all I've learned from you lot!
Thanks again
MacComment
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