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Recent content by tradersaq
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PAYE & paying temp staff
Thanks! The problem with paying through an agency is that I pay more in initial rates and pay a commision if I intend to make the staff perm. And the whole idea is to save money (in PAYE taxes) till the business generates revenue and also minimise commitment to staff (no contractual obligation).- tradersaq
- Post #4
- Forum: Accounting / Legal
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PAYE & paying temp staff
I intend to try a business on the side under my limited company and have plans to hire 1-2 temp staff initially for 3 months. - Can I pay staff a daily rate out of my earnings without having to put them on PAYE? - If Yes, What is the best way to do this properly - paying against weekly...- tradersaq
- Thread
- Replies: 5
- Forum: Accounting / Legal
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Expenses for new business under Ltd. Company
So that means, if I get a monthly/quarterly invoice for the work done by the oversees company or resource, I simply pay their oversees account from my existing business and keep the invoices as expense towards my accounts? cheers.- tradersaq
- Post #3
- Forum: Accounting / Legal
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Expenses for new business under Ltd. Company
Hi, I have been contracting through my UK limited company and am thinking of trying an oversees business model which is different from my existing contracting business. To run the new venture, I am thinking of paying out expenses from my existing limited company for invoices that I receive for...- tradersaq
- Thread
- Replies: 2
- Forum: Accounting / Legal
