Staff issues

[skyhuck]

I work with 4 self employed people. I know two employ their wife's in the business.. I never asked the other two if they employ their wife's...

 

I don't know your financial or life story. However you could potentially employ your wife and have a higher family income.

 

My mrs owns half the Co, she is the Co secretary and does a good deal of admin etc.

 

I would think the majority of the self-employed are not Ltd, so are not really in a position to involve their spouse in their business in a way that reduces tax.

[skyhuck]

Some people do all the screws going

 

Not using all the tax avoidance methods at your disposal is pretty foolish, IMO.

 

Tax avoidance is legal and good sense, tax evasion however is illegal and foolish, IMO.

[swinny]

My mrs owns half the Co, she is the Co secretary and does a good deal of admin etc.

 

I would think the majority of the self-employed are not Ltd, so are not really in a position to involve their spouse in their business in a way that reduces tax.

 

Anyone can go ltd at any stage and then employ family ?

[skyhuck]

Anyone can go ltd at any stage and then employ family

 

Of cause they can, but many don't. Going Ltd is not always the best way to go, each business is different, some would benefit others wouldn't.

[Richard 1234]

My mrs owns half the Co, she is the Co secretary and does a good deal of admin etc.

 

 

 

I would think the majority of the self-employed are not Ltd, so are not really in a position to involve their spouse in their business in a way that reduces tax.

 

 

If you are a Ltd company surely your wife can be part owner do nothing and claim dividends?

 

 

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[swinny]

Of cause they can, but many don't. Going Ltd is not always the best way to go, each business is different, some would benefit others wouldn't.

 

In what way would some not benefit? Higher accountants bill etc? Obv higher outgoings with another wage and company car etc? Owt else?

[skyhuck]

If you are a Ltd company surely your wife can be part owner do nothing and claim dividends?

 

 

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Yes, but then she could not have a salary, with the benefit that come from that. And she would not be "employed" by the Co.

[wood cutter]

If a tree planter is as valuable as a climber then that's ok. It's just when people are idol and useless and want what the good blokes get makes me sick. An honest days work should be rewarded with an honest days pay no matter what you do to earn it

 

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[skyhuck]

In what way would some not benefit? Higher accountants bill etc? Obv higher outgoings with another wage and company car etc? Owt else?

 

Why would going Ltd require another wage and a company car?

[swinny]

Why would going Ltd require another wage and a company car?

 

If your mrs was employed by the company