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Can I be my own accountant

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    Can I be my own accountant

    Charge my Ltd for it (a very high rate like £500 per month) and deduct from corporation tax?

    #2
    Yeah, seems a really good idea. In fact, if I were you, I'd charge £1000, you'd be better off.

    Comment


      #3
      Originally posted by SouthernLadEU View Post
      Charge my Ltd for it (a very high rate like £500 per month) and deduct from corporation tax?
      Yes (that's the answer you want right?)

      There are probably a lot of reasons why you won't want to though.....

      Comment


        #4
        Originally posted by SouthernLadEU View Post
        Charge my Ltd for it (a very high rate like £500 per month) and deduct from corporation tax?
        yes but you will need to pay personal tax on it so will [almost certainly] end up paying more than the corporation tax would have been

        Comment


          #5
          Originally posted by SouthernLadEU View Post
          Charge my Ltd for it (a very high rate like £500 per month) and deduct from corporation tax?
          Yep, and then you take the £500 a month accountancy fees you earn, and pay tax on them personally. As a plan, its got flaws....
          P.S. What Spreadsheet? Revolutionising the contracting market again.

          Comment


            #6
            I'll make my wife accountant she has AAT level 3

            Comment


              #7
              Originally posted by SouthernLadEU View Post
              I'll make my wife accountant she has AAT level 3
              that's fine - you could also make her company director or company secretary and pay it as salary for a more easily defend-able explanation

              Comment


                #8
                Originally posted by pr1 View Post
                that's fine - you could also make her company director or company secretary and pay it as salary for a more easily defend-able explanation
                Absolutely. But he already knows this becasue his wife has an accountancy qualification... Or does he? :
                'CUK forum personality of 2011 - Winner - Yes really!!!!

                Comment


                  #9
                  Accountants

                  Comment


                    #10
                    Sockie banned.
                    Down with racism. Long live miscegenation!

                    Comment

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