Can I be my own accountant

[SouthernLadEU]

Charge my Ltd for it (a very high rate like £500 per month) and deduct from corporation tax?

[Mag]

Yeah, seems a really good idea. In fact, if I were you, I'd charge £1000, you'd be better off.

[ContrataxLtd]

Charge my Ltd for it (a very high rate like £500 per month) and deduct from corporation tax?

Yes (that's the answer you want right?)

There are probably a lot of reasons why you won't want to though.....

[pr1]

Charge my Ltd for it (a very high rate like £500 per month) and deduct from corporation tax?

yes but you will need to pay personal tax on it so will [almost certainly] end up paying more than the corporation tax would have been

[simondolan]

Charge my Ltd for it (a very high rate like £500 per month) and deduct from corporation tax?

Yep, and then you take the £500 a month accountancy fees you earn, and pay tax on them personally. As a plan, its got flaws....

[SouthernLadEU]

I'll make my wife accountant she has AAT level 3

[pr1]

I'll make my wife accountant she has AAT level 3

that's fine - you could also make her company director or company secretary and pay it as salary for a more easily defend-able explanation

[northernladuk]

that's fine - you could also make her company director or company secretary and pay it as salary for a more easily defend-able explanation

Absolutely. But he already knows this becasue his wife has an accountancy qualification... Or does he? :

[Darren at Fox-Bartfield]

Accountants

[NotAllThere]

Sockie banned.