My OH is about to enter the heady world of contracting and we've agreed that he can operate through my Ltd Co. He's pretty risk adverse when it comes to tax matters so wants me to do full PAYE/NI deductions as if IR35 caught.
My only concern is that I'll be acting more like an umbrella company than an employer in that he'll also be paying employers NI and I'll have to do some jiggery pokery with expenses.
I'll be quizzing my accountant about the best way to deal with it all but I was just wondering if anyone has any experience in doing this and what pitfalls I should look out for.
Thanks!
My only concern is that I'll be acting more like an umbrella company than an employer in that he'll also be paying employers NI and I'll have to do some jiggery pokery with expenses.
I'll be quizzing my accountant about the best way to deal with it all but I was just wondering if anyone has any experience in doing this and what pitfalls I should look out for.
Thanks!
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