Reply to: Operating PAYE

[Woody]

Thanks. Let me handle one at a time

PAYE 1st:

Has anyone here used quickbooks? for PAYE or otherwise?
Has anybody here used www.thepayrollsite.co.uk before, for outsourcing the PAYE?

Yes: I use The Payroll Site and it is good - easy to use and well supported. They are still doing a free trial, so you can have a play with it before you decide. I haven't tried quickbooks but I have used Sage Instant Payroll before and hated it. I have also tried a bureau, which wasn't bad if you don't mind having to ring them up every time you change your salary.

[css_jay99]

Hi Gamesh,

I use Quickbooks for all my accounting (which of course includes invoicing, PAYE and VAT). My accountant Quest AS set up my software and trained me in QB (all part of the service).

I just need to enter a few bits in and press a few buttons and it's done.

I use Sage Instant Accounts instant Payroll. Some people will rather pay someone to do the job than do it themselves. Well I guess if you earn too much money then thats not a problem.

For me, that £50 i save for doing it myselft goes towards offsetting my kid's £735 nursery fees !. Its not much but you know what they say about counting pennies .....

Ohh by the way when do I have to pay HRMC Class 1 Secondary NI ?



css_jay99

[Ganesh]

I use them - nuff said?

Thanks

[malvolio]

I use them - nuff said?

[Ganesh]

Thanks Malvolio.

Regarding 'clued-up accountant', How about SJD accountants?

[malvolio]

hi Malvolio,

See my previous post. Is this a problem or only may be an embarassment? I am worried now due to your and pondlife's tone of posting. I think we can swap the roles possibly easily? Let me know what you think. Thanks.

Sorry, didn't read the whole thread properly. You may well think you have a valid approach here; you are the employee of a company that is run by someone else and so in theory you are at least trying to stay outside the IR35/disguised employee/tax avoider boundary. It doesn't work though because of the connected persons rule, whereby your wife is hardly an independent authority as far as the taxman is concerned (unless you're Phillip Green that is....).

I think the real answer is that by having the wife as the director, you might be making the taxman think you are using the company purely to avoid paying tax and NIs since you are clearly the major income earner: this is more to do with S660 than IR35, but I suggest you talk to a really clued-up accountant about it (your current one doesn't seem to be one!) then work out the best way forward.

[cojak]

Jim Davidson.

[delboy]

Simpler solution - don't pay yourself, just get a massive divi' and argue when IR come knocking on the door!

Has anyone done this ?

[Ganesh]

Makes a bit of a nonsense of claiming to be in business on your own account if you're not even a director of your own company...

hi Malvolio,

See my previous post. Is this a problem or only may be an embarassment? I am worried now due to your and pondlife's tone of posting. I think we can swap the roles possibly easily? Let me know what you think. Thanks.

[Ganesh]

The OP is the Co Sec and the Wife is the director. Which means that she has the control of the business.

Sorry. Is this a problem? We probably decided it this way based on one of my friends suggestion, who has now migrated to US. We always consult each other before deciding. I am still the majority shareholder. I thought I can become a director if I want. Am I missing something here?

[Pondlife]

Wife is the director

The OP is the Co Sec and the Wife is the director. Which means that she has the control of the business.

[malvolio]

Makes a bit of a nonsense of claiming to be in business on your own account if you're not even a director of your own company...

[Ganesh]

Why didn't you make yourself the Director?

Dont Know. Not any particular reason. Does this matter hugely?

[cojak]

Hi Gamesh,

I use Quickbooks for all my accounting (which of course includes invoicing, PAYE and VAT). My accountant Quest AS set up my software and trained me in QB (all part of the service).

I just need to enter a few bits in and press a few buttons and it's done.

[Mustang]

Why didn't you make yourself the Director?