[Andre AG]

Hi Guys

A question, does anyone have their wife doing their accounts, paperwork, office work etc? If so what is the going rate to pay per week, this can be put through as an expense right? And do you have to have an employers insurance or pay anything additional?

Cheers 

[Jonny 87]

Hi Guys

A question, does anyone have their wife doing their accounts, paperwork, office work etc? If so what is the going rate to pay per week, this can be put through as an expense right? And do you have to have an employers insurance or pay anything additional?

Cheers 

I'm not 100% sure on this as I don't do it. (Wife works part time already) But if your wife has no income, then you could pay her the tax allowance of £10,000 every year for helping you with the business.

If of course your wife is already using up her tax allowance then I don't think it's really worth It, as she will have to pay income tax on the money you pay.

[Matt.]

If the wife isn't bringing in enough to pay tax you should be paying her the difference, or if no income at at all you should be paying her in the region of £186 per week as this would mean you losing this amount against your returns, and also gives the wife some money, coz you love her 😘

This way no tax is paid and ni is about £2-3

Yes in theory the wife is an employee so insurance required, or could be done as a partner or the wife could be self employed, and do her tax returns based on not earning enough to pay tax and also submit tax returns and deductions. 

[8weekly]

Hi Guys

A question, does anyone have their wife doing their accounts, paperwork, office work etc? If so what is the going rate to pay per week, this can be put through as an expense right? And do you have to have an employers insurance or pay anything additional?

Cheers 

I'm not 100% sure on this as I don't do it. (Wife works part time already) But if your wife has no income, then you could pay her the tax allowance of £10,000 every year for helping you with the business.

If of course your wife is already using up her tax allowance then I don't think it's really worth It, as she will have to pay income tax on the money you pay.

It is if it keeps him under higher rate tax.

[Smudger]

Yes Mrs smudger runs all things office, when she became full time we changed from self employed to partnership.  We get both tax allowances before paying tax, so net profit is split 50/50 and pay individual taxes

Darran

[KS Cleaning]

Hi Guys

A question, does anyone have their wife doing their accounts, paperwork, office work etc? If so what is the going rate to pay per week, this can be put through as an expense right? And do you have to have an employers insurance or pay anything additional?

Cheers 

You don't need to have employers insurance for employing your spouse, although it might be worth checking this as they are known to change the rules from time to time.

[steve rix]

Are you mad?
Why let the other half know what you earn?

[Darranvps]

My wife has always worked for me that is why I married her - I know she is good at her job.
She does all office work, payroll, vat, tax invoices ad gets £40k per year for her hard work 

[Matt.]

Are you mad?
Why let the other half know what you earn?

50-50 split in r house mate, no matter who works wot hours.

[gary999]

Some very brave or foolish chaps on here

[Spruce]

Some very brave or foolish chaps on here

 

[Walter Mitty]

Hi Guys

A question, does anyone have their wife doing their accounts, paperwork, office work etc? If so what is the going rate to pay per week, this can be put through as an expense right? And do you have to have an employers insurance or pay anything additional?

Cheers 

I'm not 100% sure on this as I don't do it. (Wife works part time already) But if your wife has no income, then you could pay her the tax allowance of £10,000 every year for helping you with the business.

If of course your wife is already using up her tax allowance then I don't think it's really worth It, as she will have to pay income tax on the money you pay.

It is if it keeps him under higher rate tax.

I'm guessing that if this is the case, it would be even more beneficial these days if they have dependent children.  Is it still the case that child benefit was stopped if one of the parents was paying a higher tax rate - or maybe that was adjusted?

[Matt.]

Some very brave or foolish chaps on here

Married life for ya mate, both wages in joint account, bills paid. If there's money there don't matter who uses it,  just don't let it run out 😄

[gary999]

Some very brave or foolish chaps on here

Married life for ya mate, both wages in joint account, bills paid. If there's money there don't matter who uses it,  just don't let it run out 😄

Ive been married twice.....the first one taught me some valuable lessons

[AuRavelling79]

Mrs Gold does all the bookkeeping; also works with me out in the van on occasional busy days - once a fortnight on average. She also oversees renting part of the round out to DtM and charging him for water, trailer, generator and  guttervac usage.

So she is legitimately self employed - being paid for the most part by me and she also raises her own invoices to DtM. There is also the odd cleaning job she might do for a window cleaning mate who has a cleaning (not w/c) contract for some offices - again a separate invoice goes from her to him.

And as mentioned by Matty Logan, I pay her enough on top of what she invoices others for to take her earnings to about the tax threshold.

[Andre AG]

Thanks for all the advice guys 

[Matt.]

Some very brave or foolish chaps on here

Married life for ya mate, both wages in joint account, bills paid. If there's money there don't matter who uses it,  just don't let it run out 😄

Ive been married twice.....the first one taught me some valuable lessons

Maybe this time it's for ever Gary

It's not an issue for me been with me wife since I was 15 so it is what it is, am working on a big job now and says to her she and the girls can have it to go away for a week, I guess it's a happy home, loads of love goin on

haha