Hi
Just about to hit the enter button on my Ltd company set up and want to know what tax implications my other half will have as she is a non-working director of the company (she has a full time job elsewhere)
She is also the company secretary and I do not plan to pay her a salary as a director, maybe as a cosec.
The main reason for this is for banking as my credit rating is slightly adverse and I want her as a partner/director of the company so we can create a bank account with less hassle.
Just dont want her to end up being more liable for tax etc due to this?
Can anyone enlighten?
Cheers
Sean
Just about to hit the enter button on my Ltd company set up and want to know what tax implications my other half will have as she is a non-working director of the company (she has a full time job elsewhere)
She is also the company secretary and I do not plan to pay her a salary as a director, maybe as a cosec.
The main reason for this is for banking as my credit rating is slightly adverse and I want her as a partner/director of the company so we can create a bank account with less hassle.
Just dont want her to end up being more liable for tax etc due to this?
Can anyone enlighten?
Cheers
Sean
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