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DaveG

  • Posts: 6348
For those that employ wife
« on: March 07, 2013, 02:16:21 pm »
Are they a partner in the business or do you pay them a wage? If you do pay her  a wage do you pay the full tax free allowance?

Cheers
You can't polish a turd

Griffus

  • Posts: 1942
Re: For those that employ wife
« Reply #1 on: March 07, 2013, 02:21:14 pm »
I'd have thought it just through PAYE the same as a regular employee.

Re: For those that employ wife
« Reply #2 on: March 07, 2013, 02:23:39 pm »
Partner, split profits and both pay tax.

DaveG

  • Posts: 6348
Re: For those that employ wife
« Reply #3 on: March 07, 2013, 04:21:24 pm »
Cheers guys, what I mean is do You pay the maximum amount allowed before they have to pay tax, or is that "naughty"?

Sunshine, is that complicated on George?
You can't polish a turd

Re: For those that employ wife
« Reply #4 on: March 07, 2013, 04:24:46 pm »
Cheers guys, what I mean is do You pay the maximum amount allowed before they have to pay tax, or is that "naughty"?

Sunshine, is that complicated on George?

I dont do it on George. I simply give my income to my accountant and he tells me what each of us have earnt. It worked our better last time even though Mrs S had to pay tax.

DaveG

  • Posts: 6348
Re: For those that employ wife
« Reply #5 on: March 07, 2013, 04:26:39 pm »
Thanks for that sunshine
You can't polish a turd

Tomboler

  • Posts: 345
Re: For those that employ wife
« Reply #6 on: March 07, 2013, 05:02:55 pm »
Cheers guys, what I mean is do You pay the maximum amount allowed before they have to pay tax, or is that "naughty"?

nothing naughty about payng your wife to the max of her allowance, good business sense. If she's a partner she'll have to do a separate tax return so unless you pay tax at higher rate better to employ her plus you can sack her if she gets on your teets