Dear all,
I appreciate there have been several threads available with similar subjects. However there mainly seem to be around splitting dividends and control of the company. My question is purely from IR35 perspective.
Somewhere in the middle of the below page it says:
What triggers an IR35 investigation? :: Contractor UK
"Someone operating through a limited company who has relatively low turnover; is the sole director; has minimal expenses; pays [themselves] the minimum wage but has large dividends."
Curerntly I am the sole director of my company. My wife is a shareholder(50%) and an employee but not a director yet (She does not have any other source of income). Looking at the above page, should I make her director as well? I am fine with her having more control/say in the company etc after she becomes a director. But purely from IR35 perspective would it be a wise decision? What are pros and cons?
Many thanks in advance!
I appreciate there have been several threads available with similar subjects. However there mainly seem to be around splitting dividends and control of the company. My question is purely from IR35 perspective.
Somewhere in the middle of the below page it says:
What triggers an IR35 investigation? :: Contractor UK
"Someone operating through a limited company who has relatively low turnover; is the sole director; has minimal expenses; pays [themselves] the minimum wage but has large dividends."
Curerntly I am the sole director of my company. My wife is a shareholder(50%) and an employee but not a director yet (She does not have any other source of income). Looking at the above page, should I make her director as well? I am fine with her having more control/say in the company etc after she becomes a director. But purely from IR35 perspective would it be a wise decision? What are pros and cons?
Many thanks in advance!
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