My wife is my company secretary and does various admin and accounts tasks that I'm too busy [lazy] to do.
It occurs to me that I should be paying her to do this (I suppose...) to make use of her tax allowance.
In the eyes of HMRC, what is a reasonable amount to pay her? Do I have to pay the minimum wage per hour (whatever that is this week)?
What is a tax-efficient amount to pay? She probably does 2-4 hours a week.
Many thanks in advance...
It occurs to me that I should be paying her to do this (I suppose...) to make use of her tax allowance.
In the eyes of HMRC, what is a reasonable amount to pay her? Do I have to pay the minimum wage per hour (whatever that is this week)?
What is a tax-efficient amount to pay? She probably does 2-4 hours a week.
Many thanks in advance...
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