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bigduckontax, Accountant
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Rtainly yes Sr.. my question is me and my wife we got a small limited company we are the

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rtainly yes
Sr.. my question is me and my wife we got a small limited company we are the only shareholder 50% each ... she works full time and she is employee of the company, I'm a director and do all the paper work part-time but i'm not employee of the company and don't receive salary ... I have another full time job ...if i'm in payroll of the company i will pay too much tax, there is another way? to pay less tax? and use the benefits of having a company?
i know is too much questions if you could answer at least one i would be very grateful
Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question. You are an employee of the company, a director is an employee per se and must be remunerated under PAYE arrangements. However, as you do not receive any pay from the company that is no problem. Your solution would be to pay your wife more and to keep within her 20% tax bracket. You do not have to remunerate yourselves 50/50, wages are outside the scope of shareholdings. Wages are allowable against the company's profits for Corproation Tax (CT). Am I pointing you in the right direction?
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Customer: replied 2 years ago.
(Posted by JustAnswer at customer's request) Hello. I would like to request the following Expert Service(s) from you: Live Phone Call. Let me know if you need more information, or send me the service offer(s) so we can proceed.
Customer: replied 2 years ago.
can i call you instead writing?
Thank you for your support. Remember the fact that you and your wife own the company 50/50 does not mean that salaries necessarily have to be distributed 50/50.
I am on ***********
Customer: replied 2 years ago.
Again, thank you very much mr Keith..
Delighted to have been of assistance.