If your spouse is a company employee, the company can make pension contributions on their behalf. However, if the Taxman asks you to justify this salary plus pension combination, where do you stand?
Published 24.05.2007
The Taxman’s instruction manuals say he should challenge companies that pay salary to a director’s family just as a way of avoiding tax. Is there a legitimate way of paying them which can achieve the
same result?
Published 15.11.2011
The Taxman won’t let businesses deduct excessive wages paid to the proprietor’s spouse. So how should you calculate the correct wage to keep on the best side of both your spouse and the Taxman?
Published 24.02.2005
On October 1 2008 National Minimum Wage (NMW) rates increased again. Even if you haven’t paid yourself the NMW in the past, as a director of your own company, is now the time to reconsider your
position?
Published 09.10.2008
A colleague’s dear old dad kept giving him so much good “advice” on how to run the business that he’s made him a non-executive director. What’s interesting is that he says he can pay him a tax-free
fee plus expenses. Is this true?
Published 07.04.2005
Your new bookkeeper has suggested you pay your other half a salary and claim it as a business expense. He says as long as you actually pay them HMRC can’t object to the tax deduction. Is this really
correct?
Published 27.11.2017
Your company’s financial year is ending soon and projections point to a reasonable profit. If you draw this as a dividend, you’ll pay higher rate tax, whereas your spouse would only pay at the basic
rate. Can you simply shift the income to them?
Published 26.11.2010
From April 6 2008, a new law will make it difficult to save tax by paying dividends to your spouse. What should you be doing now to get around this?
Published 31.01.2008
Your spouse was made redundant with little prospect of getting a job in the near future. As a result they’re wasting their tax-free allowance and losing state pension rights. Might paying them from
your company help?
Published 17.12.2020
The Taxman’s case against a husband and wife company reached the Court of Appeal at the end of last year. What’s your position now?
Published 19.01.2006