PARTNERSHIPS

PARTNERSHIPS

PARTNERSHIPS

PARTNERSHIPS

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!   

FREEPHONE 08081081545

davidadamsonaccountant@live.co.uk

tel 01226 725 925

updated by David Adamson himself 23rd June 2020



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