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Recent content by Jerry
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J
IR35 vs Tax Schemes
Is this correct? I'm not sure it is. Say you pay yourself dividends and salary, as most ltd coers do. Then you are found to be a "fail" in terms of IR35 and a large backdated tax bill arrives from HMRC. I think i am right in saying that this is actually a company debt, rather than an individual...- Jerry
- Post #25
- Forum: Accounting / Legal
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J
Shared ownership: Director vs Company Secretary & divorce/separation
Hi, 1. Do you want/need your partner to be either? There is no requirement for a limited company of our size to have two directors or a company secretary anymore. If you are going to make him/her a shareholder to allow benefit from dividends then i suspect making them a director will also be...- Jerry
- Post #2
- Forum: Accounting / Legal
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J
Divorce / Spousal Maintenance
To be clear, my current contract expires in December. I have no contract beyond that but expect/hope for renewals. Therefore I believe I am operating within the law.- Jerry
- Post #14
- Forum: Accounting / Legal
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J
Divorce / Spousal Maintenance
We don't have a formal CSA agreement as i have paid 25% of my income in child maintenance from the get-go - and i don't reduce the amount i pay for the nights i have the kids. So she knows she's onto a good thing there. And i spoke to the CSA about expenses and they said they considered mine to...- Jerry
- Post #5
- Forum: Accounting / Legal
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J
MBA Fees
It's nuts. I got an MBA so i could get better roles, bill more and thus pay more tax. But then that's the tax system for you. Write off $6bn for Vodafone. Hit the little guy. Company cars is another one. They tax you on the value of the car, but (if you are an employee of a big company) you...- Jerry
- Post #12
- Forum: Accounting / Legal
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J
VAT-Caught between a rock and a hard place.
I've been in this situation (Actually narrowly avoided it) due to my main client, a FTSE listed company, going bankrupt and owing me 4 months money. I know...i should have walked earlier but i didn't. When HMRC find out that you are closing the business through insolvency, they will first seek...- Jerry
- Post #13
- Forum: Accounting / Legal
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J
Divorce / Spousal Maintenance
Afternoon, My short question is: how can i reduce/hide my income/dividends so as to reduce the amount of child and spousal maintenance i pay. Before i get jumped on and accused of avoiding parental responsibility though... I run a Ltd co and have done for 7 years. I live in Devon and commute...- Jerry
- Thread
- Replies: 43
- Forum: Accounting / Legal
