Reply to: Divorce and Newly Contracting

[BrilloPad]

There's a 'how thick is NLUK' quiz machine?
does your accountant win all the jackpots?

I think NLyUK gets there first....

[BR14]

And a pound for the how thick am I quiz machine?

There's a 'how thick is NLUK' quiz machine?
does your accountant win all the jackpots?

[northernladuk]

Whenever I go to a pub I order a pint of bitter with a twist of lemon.

And a pound for the how thick am I quiz machine?

[BrilloPad]

But he's not bitter about it.

Whenever I go to a pub I order a pint of bitter with a twist of lemon.

[BR14]

Ah thank you. Bring 'em on then.

You're welcome, - i'll see if i can pressgang some more

[northernladuk]

But he's not bitter about it.

He will by the time it's all over

[NotAllThere]

...

Rather than getting involved in marriage you should have used one of those "dodgy" loan scehmes. They hae a 0.000001% chance of success - far higher than marriage.

Are you not aware that marriage is the process of finding out what sort of man your wife would have preferred? Or that if a married person dies the first person the ploice question is the spouse? Or that marriage is about 3 rings - engagement, wedding and suffer?

And worst of all you bought children into a disasterous situation - have you never heard of fathers 4 justice?

Oh I nearly forgot - for best results trying dressing up as Batman and climbing a crane. Or kidnap Leo Blair.

But he's not bitter about it.

[SueEllen]

You have a company with your brother but you both contract at different places? This sounds dreadful. What happens if your day rates massively differ? Dividends have to be apportioned in relation to the amount of shares held within the company; you can't just give yourself X and your brother Y - if he has six shares and you have four in a ltd. with 10 shares, divi's have to be apportioned 60% / 40%.

Also OP, if you did what most other people do and pay yourself the minimum wage and top it up with dividends, will this not limit the amount you will have to fork over to the ex wife?

Actually the messy situation of owning the company with his brother could help in this situation as clearly all the company's income isn't his personal income.

However in the long term it is best they have separate companies. Families especially siblings fall out over money and he needs to maintain the relationship with his brother as clearly they are close.

[mattfx]

You have a company with your brother but you both contract at different places? This sounds dreadful. What happens if your day rates massively differ? Dividends have to be apportioned in relation to the amount of shares held within the company; you can't just give yourself X and your brother Y - if he has six shares and you have four in a ltd. with 10 shares, divi's have to be apportioned 60% / 40%.

Also OP, if you did what most other people do and pay yourself the minimum wage and top it up with dividends, will this not limit the amount you will have to fork over to the ex wife?

[northernladuk]

nah, - they just can't get enough of your avuncular manner and freely passed wisdom

Ah thank you. Bring 'em on then.

[BrilloPad]

nah, - they just can't get enough of your avuncular manner and freely passed wisdom

PC agrees.....

[BR14]

There are some belters aren't there. Does the cold weather set them off or something?

nah, - they just can't get enough of your avuncular manner and freely passed wisdom

[BrilloPad]

Can a judge order me to take more out of the company?

No. But they can set ancillary relief at any level they want.

CMS didn't seem to think dividends can be forced.

Correct.

What are the views if I was working for a limited company whereby I am not a director or shareholder? Would this be questioned by HMRC?

Some agencies will not want to deal with you.

You should be involving your accountant.

Rather than getting involved in marriage you should have used one of those "dodgy" loan scehmes. They hae a 0.000001% chance of success - far higher than marriage.

Are you not aware that marriage is the process of finding out what sort of man your wife would have preferred? Or that if a married person dies the first person the ploice question is the spouse? Or that marriage is about 3 rings - engagement, wedding and suffer?

And worst of all you bought children into a disasterous situation - have you never heard of fathers 4 justice?

Oh I nearly forgot - for best results trying dressing up as Batman and climbing a crane. Or kidnap Leo Blair.

[John75]

The other director is not my partner it is my brother and we are both contracting through the same company and operate as one.

[northernladuk]

Enjoying this latest tranche of noobs?

There are some belters aren't there. Does the cold weather set them off or something?