My partner has been self-employed for 8 or 9 years, she has a communications business that turned over £100,000 last year. She's set up as a sole trader at the moment and has recently registered for VAT.
I do her very basic accounts and tax return, but now her business is VAT registered I am setting her up on an accounts software package the is compliant with the new HMRC rules. I have experience of book keeping and some accounting and I'm studying for the ACCA accountancy qualifications, I've passed 2 of the 3 knowledge exams. Otherwise I am a house husband so I have no income at all.
We aren't married but will be entering into a civil partnership when the law changes at the end of the year.
I know that without knowing our full circumstances it might not be a straightforward question to ask but would it be worthwhile thinking about setting up a limited company for her business? Is it worth speaking to an accountant to wok out the best company structure and how best to pay me for my work for the company?
Thanks for any advice
I do her very basic accounts and tax return, but now her business is VAT registered I am setting her up on an accounts software package the is compliant with the new HMRC rules. I have experience of book keeping and some accounting and I'm studying for the ACCA accountancy qualifications, I've passed 2 of the 3 knowledge exams. Otherwise I am a house husband so I have no income at all.
We aren't married but will be entering into a civil partnership when the law changes at the end of the year.
I know that without knowing our full circumstances it might not be a straightforward question to ask but would it be worthwhile thinking about setting up a limited company for her business? Is it worth speaking to an accountant to wok out the best company structure and how best to pay me for my work for the company?
Thanks for any advice
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