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timhoward
Messages count : 3
Registered since : 19 November 2007
Posted reply 23 April 2008 13:33
i love that quote "the temptation to quit will be greatest just before you are about to succeed"
Posted reply 22 January 2008 08:14
However.....
you may want to give her a small salary and dividends to get round paying the higher tax bracket on all your net profit. then she can just give you the money back.
look into income splitting to get around paying loadsa tax
you may want to give her a small salary and dividends to get round paying the higher tax bracket on all your net profit. then she can just give you the money back.
look into income splitting to get around paying loadsa tax
Posted reply 22 January 2008 08:04
well it's a more tax efficient option for your friend....He will claim a dividend through is Limited company which is not subject to NI contributions.