Clean It Up
UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: Dick on March 19, 2012, 08:01:17 pm
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My wife who's now finished full time work has been doing some admin work for me, the amount I pay her will be below the personal allowance before tax is due, does anyone else do this? If so what evidence do I need to have if I have to produce it if HMRC want proof. I presume I just show the same amount on my self assessment as a business expense.
She's been doing work whilst I wasn't working last year through an injury.
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You will have to get a P46 form to declare she is employed by you.
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Make her a partner, then the first 16k you wont get any tax on.
By yourself its only 8k
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???
Make her a partner, then the first 16k you wont get any tax on.
By yourself its only 8k
where do you get this from i would like to know
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Nobody in the uk can eran £16K without paying tax. Get a second opinion
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£8k each personal allowance x 2 = £16k
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£8k each personal allowance x 2 = £16k
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Yeppers :)
Although aint it due to go up in April to over 8k?
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Nobody in the uk can eran £16K without paying tax. Get a second opinion
Not one person, but two can. Each person has a personal tax allowance of £8k, so by using your partner's/wife's tax allowance - if she works for the business and has no other source of taxable income - means the business can make £16k profit that will not be subject to tax.
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Nobody in the uk can eran £16K without paying tax. Get a second opinion
Not one person, but two can. Each person has a personal tax allowance of £8k, so by using your partner's/wife's tax allowance - if she works for the business and has no other source of taxable income - means the business can make £16k profit that will not be subject to tax.
100% correct !
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except its going up soon to just under £8500 each !! :)
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Nobody in the uk can eran £16K without paying tax. Get a second opinion
Not one person, but two can. Each person has a personal tax allowance of £8k, so by using your partner's/wife's tax allowance - if she works for the business and has no other source of taxable income - means the business can make £16k profit that will not be subject to tax.
and that is after business expenses ;D
is she an employee or self employed? only need p46 for an employee
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Nobody in the uk can eran £16K without paying tax. Get a second opinion
Not one person, but two can. Each person has a personal tax allowance of £8k, so by using your partner's/wife's tax allowance - if she works for the business and has no other source of taxable income - means the business can make £16k profit that will not be subject to tax.
and that is after business expenses ;D
Which is why I used the word 'profit'! :D
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sorry tosh ;D
me is a plum ::)
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sorry tosh ;D
me is a plum ::)
have to agree :-X
;D
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Neither employee or s/employed yet, have only just notified HMRC that she has received income from me which allowing for her state pension will still be below personal allowance of £7475 for current tax year. Personal allowance increases after 5th April to £8105 so may have to give a pay rise then!
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9000 thou from 2013 in tomorrows budget