Recent content by SunnySpring

  1. S

    Family loan to me or to my company? What's better for tax?

    Thanks for your answers, things make more sense now. Mattk: I am not too worried about structuring for tax, I just want to avoid making a BIG mistake regarding tax! I see now that not properly accounting for business expenses could be such a big mistake? If I develop just in private and blow...
  2. S

    Family loan to me or to my company? What's better for tax?

    Consider the following simplified scenario: So, hurray!, I got an amount of money "A" from my family/friends as an interest free loan. They have paid tax on the money before they give it to me. I decide to spent this money on my living costs and development costs for a product I am building...
  3. S

    cooperation tax after long development

    Mr D: So can I combine your solution: "or else its not wages and therefore not income now and if you later take it out then you will have it subject to tax. " With Scalloways solution: "If you register the company for PAYE and do RTI returns before 31 March then you can transfer the unpaid...
  4. S

    cooperation tax after long development

    Ok. So this means the company would owe me more and more money as time goes buy, via the directors loan and thereby noting an extra expense for itself, in terms of salary payments, which can be set against the eventual income from the software - so that will save corporation tax when the sale...
  5. S

    share-majority holder and sole director threatens to remove assets

    So I have 40% shares in a company - the other guy has 60% and is sole director. We are in disagreement about a company issue. Suddenly he threatens "I will transfer the perpetual rights [to various assets the company owns] to a company you have no shares in". Surely he can't do that? What...
  6. S

    cooperation tax after long development

    We have been developing software in our startup for a while now, privately funded. The product will soon be ready and we have a potential buyer. When the sale is made, the assets in our company will suddenly go up dramatically, as software which was worth nothing has suddenly generated a big...
See more
Top Bottom
Community
Articles
Menu