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Hi Sam. I am sole proprietor and my husband is 71 years old but wants to carry on working. it seems that my accountant has put figures in the wrong sections of the tax return but I'm not sure how, the revenue didn't elaborate. I don't actually employ my husband as he does the work on a ad hoc basis and I'm happy if it just pays the bills. Turnover 13/14 £45000.00. Many thanks, Kath
Hi Sam. I'm off to work now and won't be able to speak to you until this evening.
Firstly, my husband was contacted by the revenue about 6-7 years ago and asked regarding being on the payroll. He wrote back and told them, as I said, that he drew money on a ad hoc basis and was paid no salary being content to get shopping and pay bills etc. The revenue accepted this and he has a letter stating so. He does not fill in a tax return and his income is £400-00 PM from pensions.
The business started in 1987 and has run continuously. I don't employ anyone else.
I don't have a tax return but I do have a profit and loss statement for 13/14. It seems to me that Tom (accountant) has put outgoings in the wrong section on the tax return form as my PAYE at my work stopped me paying tax. This has now been reinstated. Tom, my accountant was 86 when he died and has this last few years made a few minor errors which were corrected and I intended to seek another accountant this year. Thank you, Kath