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Post Info TOPIC: PAYE for partnership
jillemily


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PAYE for partnership
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My husband and I have a partnership, can I start paying myself through PAYE as an employee?

 



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Cheshire


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You're not an employee.

edited to correct my dreadful English!



-- Edited by Cheshire on Wednesday 18th of July 2018 04:44:57 PM

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Artois


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jillemily wrote:

My husband and I have a partnership, can I start paying myself through PAYE as an employee?

 

Hi

If you are a partner in the partnership then you are self-employed and will be taxed on the profit shown on the partnership tax return, you will then take your ratio of profit as shown in the partnership agreement and submit your own self assessment with these figures  



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice
jillemily


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Thank you for your replies and I'm aware of all you've said but the powers that be at the Childcare Services suggested that I should pay myself through PAYE, minimum wage at 16 hrs a week, to enable me to claim 30 Hours free childcare! Doesn't sound right to me?!


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Leger


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Hi Jill

The person at Childcare Services who gave you the information has their facts wrong.



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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
Cheshire


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jillemily wrote:

 the powers that be at the Childcare Services

 Idiots



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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
jillemily


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The misunderstanding has been cleared up, they thought I was a director.

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Cheshire


Master Book-keeper

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Which makes them double idiots for assuming.

Just shows how dangerous such folk can be when giving avice they know nothing about Jill.

On so many levels (even if you had been a director! NMW opens up a hornests nest for participator).

Businessowners often lose out on such, but are criticised by the masses for daring to extract profits!





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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
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