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Recent content by mikef
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Change of directors
Hi TheCyclingProgrammer, Your answer makes a lot of sense and helps greatly. Thank you so much. I'm in the process of appointing an accountant, but in the meantime, as a "nervous newbie" I am trying to learn about my current situation from everyone as much as I can. And I must say, a few...- mikef
- Post #13
- Forum: Accounting / Legal
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Change of directors
Post-tax? I thought paying back loans (director loans included) can be done with pre-tax funds? In this case, the company is not making a profit, so no tax to pay, but as soon as I start contracting, it'll make a profit - after paying back the loans (money my wife and I put into the company so far).- mikef
- Post #8
- Forum: Accounting / Legal
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Change of directors
I don't want IR35 complications, which is why I would think having her as an additional director and/or shareholder might trigger an HRMC investigation, given that going forward she won't be doing something meaningful for/on the company. It might seen as a way of extract funds out of the company...- mikef
- Post #7
- Forum: Accounting / Legal
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Change of directors
My wife has been the director of our company (a startup with lots of costs -dev costs - and little income). I was not a director as I was not permitted to hold such a position by my permanent employment. Now I'm switching to contracting, so I plan to become the director of the company (sole...- mikef
- Thread
- Replies: 16
- Forum: Accounting / Legal
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newbie contractor
Hi, I'm making a switch from permie to contracting mainly as a lifestyle choice. I was hoping someone could help me with a recommendation. I've got an IT company already - my wife is the director, in which both (but mostly I) have invested into getting a SaaS (software as a service/web based)...- mikef
- Thread
- Replies: 1
- Forum: Accounting / Legal
