Hi,
My first contract starts in a weeks time. Initially it is full time for 3 months - probably renewable.
My wife and I have had a small Ltd company for a couple of years - we have been developing a web software product, but as yet no significant income (hence me taking a contract). We will both continue with the software devt, albeit at a slower pace.
My questions are:
1. I have assumed I will do the contract through our ltd company - any obvious upsides or downsides?
2. I had originally thought that I might escape IR35 and pay my wife a salary (she really does work about 25 hours) - however, having looked at some of the posts here I now think this is probably not possible - true?
3. I feel inclined to do my own accounts (which I have been doing for our small business anyway), and payroll - can someone point me to good guidance notes / tutorial / software for this - do other people do their own payroll?
4. What else do I need to know about?
Thanks for your help,
Alfred.
My first contract starts in a weeks time. Initially it is full time for 3 months - probably renewable.
My wife and I have had a small Ltd company for a couple of years - we have been developing a web software product, but as yet no significant income (hence me taking a contract). We will both continue with the software devt, albeit at a slower pace.
My questions are:
1. I have assumed I will do the contract through our ltd company - any obvious upsides or downsides?
2. I had originally thought that I might escape IR35 and pay my wife a salary (she really does work about 25 hours) - however, having looked at some of the posts here I now think this is probably not possible - true?
3. I feel inclined to do my own accounts (which I have been doing for our small business anyway), and payroll - can someone point me to good guidance notes / tutorial / software for this - do other people do their own payroll?
4. What else do I need to know about?
Thanks for your help,
Alfred.
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