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Hi all,
I was wondering if somebody can advise me on paying a salary to myself and my wife.
I am the sole director of a private LTD. I am outside ir35 (or at least, believe myself to be and should have a pretty strong case). My wife is not a fee-earner but takes care of my admin and...
Having retired from full-time work I am hoping to continue working part-time but no more than 6 months in any calendar year. And this 6 months might be made up of a number of shorter periods throughout the calendar year.
I would prefer to set up a Limited Company rather than go through an...
Right, so i'm new to contracting and have decided to take the umbrella route as i'm not sure if this is long term.
Anyway, I have been quoted..
Giant:
Employers NI:£2844
PAYE tax: £3624
Employees NI: £2479
Paysteam:
Employers NI: £3078
PAYE TAX: £3962
Employees NI: £2683
I was under the...
Hi there,
My ltd has been trading since mid-April. As of now, I haven't taken any salary or dividends. I've had no other income from other sources.
I'd like to extract some funds. I realise starting with a salary is the most efficient initial source because it's an expense and so my company...
I've recently started contracting and setup a limited company. I got an accountant who advised me to take dividends at quarterly intervals and that he didn't think it necessary to setup payroll. When I asked him what about national insurance contributions he said something along the lines of, at...
Hi all,
I was wondering if I could get some advice on a situation I don't fully understand. My Ltd company is up and running, already in existence etc. However, I have just accepted a PAYE full-time job, and am unclear about what to do regarding my company. I do have an accountant on-side, but...
Hi, I formed my company in Dec 2011 and I pay a seperate employee a monthly salary - I have yet to pay myself anything. I was wondering if it makes any difference if I invoice before 5 April or not as I want to withdraw dividends for myself before 5 April tax year end (my personal allowance).
I...
Hi all,
I am hoping to gain some advice on my salary/dividends.
This financial year apr 2011 - apr 2012 I have had 2 PAYE jobs for a total of 5 months. I have just started contracting in October and setup my own limited company.
I have earnt over the tax free allowance.
I wanted to ask for...
Hello to you all and thank you for passing by.
I'm a newbie contractor (all rather exciting stuff), so please bear with me.
I am a sole share holder in a limited company and VAT registered with my bank account setup, so in essence have the basic setup complete.
I am in my first contract and...
Hi,
I have just secured a contract which will be for the next year beginning in January 2012 based in Holland. My question is regarding tax liability:
I am a UK passport holder (born in UK but not lived there for years!) and I will be working through a UK based Agency who will pay me into my...
Hi All
Anyone using HMRC PAYE online? I'm thinking to switch to do it myself.. and wonder if it has everything I need to just do it in the web browser.
My ltd co uses the an accountant to do our PAYE now. I email the Gross amounts each month.. accountant emails back the payslips. End of year...