This is for all those who are trading as a one person limited company or thinking of becoming one.
I've been doing some research online and have come across various claims that as a Director of the company you are, for tax and legal purposes, classed as an employee of the company.
Okay that's nothing new but the claims I've read go further to suggest that if you are paying yourself less than the national minimum wage for the hours you work, you are (or more precisely the company is) breaking the national minimum wage act - which apparently could land you with a fine and a criminal record.
This seems a strange concept given that trading as a one person company and taking little or no salary has become something of a cliche. Infact I believe many organisations that hire freelancers often insist on dealing with an incorporated business or an umbrella company.
Other claims suggest the NMW only applies if you have a contract (written or implied) of employment with the company and that allegedly such a contract needs to exist if you want to claim working tax credit.
Anyone know what the score is on this?
Certainly the national minimum wage act was never intended to trap owner managers working alone in their business I'm sure and while the letter of the legislation may technically mandate minimum wage, I can't honestly believe it would be enforced in practice.
I am unable to access files I have on a DVD-R disc throught my DVD Rom drive. The disk contains just ordinary files which I wrote onto it with another computer with Vista however I am unable to access them through my own PC (running Windows 2000). The only software I have found so far that can access the files is Isobuster thought only the full version will extract files from the disk, at 25 Euros it seems a bit excessive for a piece of software I will only use the once but as I need to have the files I am on the verge of buying it. Anyone know of any free alternatives software that can copy files from a DVD-R?
