[Pj]

Am wondering the best way to set us up.

Does anyone else run a (husband and wife) partnership)?
Is that the best, least complicated, low tax way, or is there a better way.

Thanks

Pj

[Sarah Sarill]

Dont do it 

Late starts, PMT, constant whinging, muscle problems and us women dont like to see that in a man - LOL

I dont help as much as I used to Pj but its the only way we found to keep reliable staff and maintain our standards.

I am still yet to find a trolley that holds enough water and can be easily moved around.  Backpacks were too heavy for me to carry when full and did not last long enough to use on a trolley (sorry Tosh !!!).  I do commercial bottoms  only.

Tax wise, unless she works for free or is a partner (in which case she will be taxed anyway) you will have to set up a PAYE system for her as an employee so no real tax benefits.

Dont forget you will have to have Employees Insurance irrespective of who she is.

I suggest her going self employed.  Pay her own Tax and NI and get her own PL insurance. 

Good luck Pj's wife, I dont envy you having to put up with Pjs awfull jokes all day. 

Sarah

[LSB]

my wife worked for me for a few years before we had the kids , not really a bad idea but we never had anything to talk about eves / weekend , which didnt bother me , but did her ! im seperated now so dont take any marital advice from me , except that " my wife doesnt understand me " !!!!!   

[s.hughes]

I see a lot of w/c doing it now, it just makes good sense. The money comes into the home and your not paying a partner. If you are like me then the money goes in the bank for the family so it dosnt matter who earns it so long as its there for everyones use. Think of how much work you can get through.
I have yet to convince her of this.

Steve

[jeff1]

My Boss helps me sometimes, and when she does we can get through loads of work and double our income.
Go for it Pj 

[Sarah Sarill]

I have yet to convince her of this.
Steve

Yep, its seen as a very glamorous job for a woman.  Bad hair, split nails, cold/hot... the list goes on.

May I suggest a bribe - LOL  Works well as  long as its a worthwhile gift 

My Boss

He He Jeff.  Sounds about right in most husband/wife partnerships

Sarah

[busydaffodil]

Set up a limited company.  2 directors & a company secretary.  Company sec can also be a director so only two people needed.   50% shares each.  Pay yourself DIVIDENDS not wages or salary.  The tax advantage is Fabulous (I do it as I am a director already).   A good accountant will set the limited company up, you can even have your registered address at the accountants office.

[Pj]

Thanks for the help guys and gals

Not sure what 'commercial bottoms' are Sarah

Don't misunderstand me, we've worked together for most of the last 20 years, but she has been in and out of other jobs, this time it's for real so, I was wondering if there were any advantages.
We have a pre-nuptual agreement just in case I make a bloomin fortune

Thanks Lizzy, I've just read your post as I was posting this.

[Sarah Sarill]

Ground floor windows on commercial jobs only - obviously Pj 

Sarah

[jeff1]

My Boss

He He Jeff.  Sounds about right in most husband/wife partnerships

Sarah

2 Little word have kept me married for 30 years ''YES DEAR''

[LSB]

That must be where i went wrong then !

[macc]

my wife worked for me for a few years before we had the kids , not really a bad idea but we never had anything to talk about eves / weekend , which didnt bother me , but did her ! im seperated now so dont take any marital advice from me , except that " my wife doesnt understand me " !!!!!   

My partner & i worked together for 3 months years ago, thats when she still liked me,  , NEVER AGAIN,  .

We still dont have anything to talk about, she bores me talking about the dogs,  :
I bore her talking about WFP & this forem, 

Macc

[Pj]

I'm sorry to read about these dysfunctional families!

It was genuine question, originally.  Perhaps I should have put it in the chat section titled 'lonely hearts'.  Not meant sarcastically.

We've done just about everything together for almost 29 years!
I wouldn't change a thing.............


Any more advice....financial, preferrably?

[Sarah Sarill]

Any more advice....financial, preferrably?

Back on topic Pj  are e you asking for projected earning for an additional worker ?  or Tax saving advice ? 

Sarah

[Pj]

Aha, a married woman!

Tax savings, always.  Not tax evasion, tax avoidance.


Pj

[Sarah Sarill]

My tips....

Make sure she earns under the Tax & NI threshold 
Self employ her to save on P & E insurance. 

Sarah

[dai]

Go for it. My mrs is a partner, pays her own tax and Ni contributions. She does bottoms only with her backpack on a trolley. I filll it for her as required. I love working with her, laughing and joking all day. DAI

[Pj]

Go for it. My mrs is a partner, pays her own tax and Ni contributions. She does bottoms only with her backpack on a trolley. I filll it for her as required. I love working with her, laughing and joking all day. DAI

We have been doing exactly the same, Dai
But she has done it for nowt!
Thats why we're still together

[Moderator David@stives]

Sarah, PJ & co

If you do employ your wife make sure they DO pay National Insurance , even if it is only a pound , If they pay NI it contributes towards there pension years.

Also if they are sick they can claim sick pay , or maternity pay if they are pregnant.

Also make sure you have got Employers liability that way if theey have an accident at work they can claim on your policy.

Dont take shortcuts.

Dave

[Sarah Sarill]

Hey I have not got a wife - LOL

Good advice on the NI Dave.
 
Sarah