If you are in a PARTNERSHIP with your Wife or Husband or a good Friend you EACH get £12500 TAX FREE which dramatically reduces your total tax bill and suitable Clients can receive a Partnership Agreement FREE OF CHARGE!
A large number of people who are at present EMPLOYED on PAYE are being told that in future they will have to be "Self-employed" to work for the same firm! This saves the firm 13.8% Employers National Insurance and also means they do not have to contribute to the firm's Pension plans! Saves them a fortune.
When you are in a PARTNERSHIP it can save you a lot of tax and it is NOT a person and so you cannot be put on PAYE!!
When you register to become "Self-employed" the form you fill in (or I fill in for you) asks if you will be working for one person or just one firm - and if so - what is their name and address!!!!! However HMRC are tightening up on this and from APRIL 2020 they are introducing new tighter rules. We will see what happens! I can sort all this out for you!
tel 01226 725 925
updated by David Adamson himself 23rd June 2020