Hi All,
Created a sockie for this question. I'm in the enviable position of having a contract where I wfh 100% of the time (Company A). I've been approached by a startup who would like me to work for them, but who have no offices in the UK. This would also therefore be 100% wfh (Company B).
I presume I can continue to accrue funds into my Ltd from Company A whilst taking the paycheck from Company B without any tax implications? I presume my Ltd doesn't HAVE to pay me.
If the opportunity with company B pans out, it is worth considering as a long term perm () gig, so with this in mind, is it best for tax reasons to wind up the Ltd and take out the funds in it using entrepreneurs taper relief?
If I do do this, and at some point in the future decide to spin up the my Ltd again, can I reform it using the same name, or once it's gone is it gone forever?
Cheers.....
TheSockPuppet
Created a sockie for this question. I'm in the enviable position of having a contract where I wfh 100% of the time (Company A). I've been approached by a startup who would like me to work for them, but who have no offices in the UK. This would also therefore be 100% wfh (Company B).
I presume I can continue to accrue funds into my Ltd from Company A whilst taking the paycheck from Company B without any tax implications? I presume my Ltd doesn't HAVE to pay me.
If the opportunity with company B pans out, it is worth considering as a long term perm () gig, so with this in mind, is it best for tax reasons to wind up the Ltd and take out the funds in it using entrepreneurs taper relief?
If I do do this, and at some point in the future decide to spin up the my Ltd again, can I reform it using the same name, or once it's gone is it gone forever?
Cheers.....
TheSockPuppet
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