Recent content by gwokka

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    Vat threshold increase

    thanks that's what i thought
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    Vat threshold increase

    just checking on how the increase in the vat threshold works? on a 12month rolling period from April 2023 to end of March 2024 turnover needs to be below 85k to not be vat registered. Am i correct in assuming that from may 2023 to end of April 2024 turnover needs to be below 90k to not be vat...
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    can i pay redundancy to wife if ltd co dissolved

    thank you for your replies. yes she has been on the payroll for virtually the entire time the co has been operating(nearly 15years).
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    can i pay redundancy to wife if ltd co dissolved

    I'm dissolving my ltd co due to retirement and I'm the only director. my wife has worked for the business since its inception doing admin work. she is also a shareholder. I've asked my accountant if i can do this and they have advised that this may be possible but as its employment law its...
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    can i pay reduncancy to wife if ltd co dissolved

    can i pay reduncancy to wife if ltd co dissolved
    • gwokka
    • Profile post
  6. G

    what is the value of wife's work

    just read an article whereby a self employed plumber was taken to a tribunal by HMRC where they disagreed with how much he was paying her and HMRC won. A lot of small businesses pay there spouses or even family members a salary generally to the value of the ni threshold but ive never seen...
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    can monthly gym membership be classed as a trivial benefit

    I've read various articles on line about what constitutes a `trivial benefit' in the eyes of HMRC and most refer to items along the lines of a bottle of wine or a bunch of flowers. However the rules as i understand it are that for a director of ltd co this benefit can be a max of £300 total a...
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    How would you approach Auto-enrolment?

    thanks for the pdf. that's good news it seems I can now avoid the hassle of setting up a scheme.
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    How would you approach Auto-enrolment?

    she's not a director, only an employee/shareholder
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    How would you approach Auto-enrolment?

    I did try posting the link to tpr duties checker but I wasn't allowed to as I haven't got enough posts in
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    How would you approach Auto-enrolment?

    thank you for your response. having read that thread on the accounting web forum it does indeed seem that they concur that you do not need to set a pension scheme up if you have no eligible staff. I'm a limited co that employs me and my wife and I'm guessing there are lots of cos like mine that...
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    Auto-Enrolling Pension

    has the government changed its stance on auto-enrolment, in the sense that as long as your employees are not eligible and don't want to join a scheme you don't have to set one up. the reason I ask this is I went on pension regulators website yesterday and clicked on duties check which leads you...
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    How would you approach Auto-enrolment?

    has the government changed its stance on auto-enrolment, in the sense that as long as your employees are not eligible and don't want to join a scheme you don't have to set one up. the reason I ask this is I went on pension regulators website yesterday and clicked on duties checker which leads...
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    Budget News - Scrapping of Dividend Tax Credits

    maybe the way round this is to 'gift' shares in my company to family members, eg kids,parents. in laws, etc. particularly children as i could give them shares that entitle them to £17.5k dividend before paying tax. if you have two kids = 2x 17.5k + wife/husband at salary of £8k & 9.5k div +...
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    Budget News - Scrapping of Dividend Tax Credits

    it seems to me that with the auto-enrolment fiasco and now dividend tax this government is hell bent on clobbering small family owned ltd co's. I employ my wife and because of this I have to set up a pension even though nobody will pay into it & my dividend tax bill will be around £2k next...
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