My kid is a brilliant bookkeeper!

[DrewG]

I taught my Son bookkeeping.

He does a great job.

He gets paid a fair salary for his contribution.

He spends his salary on his private school fees from his bank account.

When he attends uni, he will spend his salary on living costs.

He works less than the maximum hours allowed for his age.

He earns just enough not to pay income tax.

My company pays his NI contributions.

His time sheets are always logged on time (providing a paper trail to prove he worked and not over the allowed hours).

Why would HMRC have a problem with this?

[WTFH]

I taught my Son bookkeeping.

He does a great job.

He gets paid a fair salary for his contribution.

He spends his salary on his private school fees from his bank account.

When he attends uni, he will spend his salary on living costs.

He works less than the maximum hours allowed for his age.

He earns just enough not to pay income tax.

My company pays his NI contributions.

His time sheets are always logged on time (providing a paper trail to prove he worked and not over the allowed hours).

Why would HMRC have a problem with this?

No reason. What constituency are you a Tory MP for and what time is your show on GBeebies?

[northernladuk]

I taught my Son bookkeeping.

He does a great job.

He gets paid a fair salary for his contribution.

Book keeper for a one man LTD company? That's about 12 hours a year tops then? You can get an accountant to do the job lot for under £1500. I think your fair, and reality are two completely different things.

He spends his salary on his private school fees from his bank account.

When he attends uni, he will spend his salary on living costs.

Must be a tulip private school if it costs less thank 12k a year.

Actually, it must be a tulip school if it costs less thank 2k a year.

His time sheets are always logged on time (providing a paper trail to prove he worked and not over the allowed hours).

What he puts on his time sheet would have zero bearing on the time he works in your fantasy scenario. Again, an accountant can do it for £1500 a year. If they charge 40 quid an hour (which they don't) that's still only 5 days a year.

Why would HMRC have a problem with this?

Of course they would. Question is though, how much time, effort and money do you want to spend fighting and investigation with only the possibility of a win?

tulip trolling... or is it? Got me to waste time answering.. Hmmmmm

[NotAllThere]

Maybe he's not just doing DrewG's books?

[jamesbrown]

Maybe he's not just doing DrewG's books?

DrewG doesn’t own any books. He does own some pants, but he wears them on his head.

[WTFH]

Maybe he's not just doing DrewG's books?

If he's smart enough to do the books, but DrewG is clueless about them, maybe a paternity test is in order.

[ladymuck]

Feels a bit harsh. Employ your kid and they have to then spend their earnings on their own education.

[northernladuk]

Feels a bit harsh. Employ your kid and they have to then spend their earnings on their own education.

The world of make believe is a very harsh place.

[DrewG]

Book keeper for a one man LTD company? That's about 12 hours a year tops then? You can get an accountant to do the job lot for under £1500. I think your fair, and reality are two completely different things.


Must be a tulip private school if it costs less thank 12k a year.

Actually, it must be a tulip school if it costs less thank 2k a year.


What he puts on his time sheet would have zero bearing on the time he works in your fantasy scenario. Again, an accountant can do it for £1500 a year. If they charge 40 quid an hour (which they don't) that's still only 5 days a year.


Of course they would. Question is though, how much time, effort and money do you want to spend fighting and investigation with only the possibility of a win?

tulip trolling... or is it? Got me to waste time answering.. Hmmmmm

A 2 man LTD that uses a further 2 offshore contractors.

He also does basic import/export data into my client's ERP systems.

A very talented bookkeeper indeed.

I'm basically looking for where HMRC might decide this isn't a good use of my kids tax free allowance,

[DrewG]

Feels a bit harsh. Employ your kid and they have to then spend their earnings on their own education.

Some people would give their left arm to be able to pay to be in this school. His other option is the local comp that has never put anyone onto a medicine degree (unless you count A&E visits after fights).

Plus, there'll be a surplus in the account once he leaves 6th form; school fees end after 6th form, and that money is his.