Income Splitting If Not Married

[speling bee]

Set up whatever structure suits you best and then contract through Breeze. It's zero risk.

[SimonMac]

I think we are missing the point here, your accountant say's not to do it, there is only one solution, get a new accountant!

[speling bee]

I think we are missing the point here, your accountant say's not to do it, there is only one solution, get a new accountant!

Or marry your mum.

[SimonMac]

Maybe the op is a Mormon rather than just a moron, in that case can you split your income with each of your wives.

[speling bee]

Maybe the op is a Mormon rather than just a moron, in that case can you split your income with each of your wives.

And train one of them up to be an accountant and sign it off.

[SimonMac]

And train one of them up to be an accountant and sign it off.

Who say's you need an accountant to sign off your books?

[speling bee]

Who say's you need an accountant to sign off your books?

Your mum.

[d000hg]

Correct - How kind I am

What I remain confused about is why this is wrong - If I was to hire a few polish people and pimp them out through my company that would no doubt be allowed. But when I set this structure up artificially then I get told off

can someone explain clearly and finally what issues there are here

That it's artificial.

[DeludedAussie]

That it's artificial.

But so much of what we do is artifical - We take a small salary and dividend on purpose to minimise our tax - We work through companies when we are really nothing more then disguised employees

[malvolio]

But so much of what we do is artifical - We take a small salary and dividend on purpose to minimise our tax - We work through companies when we are really nothing more then disguised employees

So pay full tax on your income then. What's the problem?

Seriously, if you can't see the difference betwen pretending to be a contractor and taking a minimal salary to avoid paying NICs, and working as a freelance contractor taking advantage of the tax breaks available to people who take a degree of financial risk to earn money, you're probably not best placed to make such assertions.

I'm a freelance for many reasons. Saving tax is a long way down the list.