have to pay employers prsi on her earnings and so on.
In those cases the husband cannot employ his wife in the business, whereas he can employ a son or daughter. Can anyone explain how this is so?
I own a small business and have been told by my accountant that I cannot employ my spouse. I'm a sole trader. Have employed son & daughter, in the summers when they were at school. Are you absolutely sure???
I'm a sole trader and I employ my spouse. She pays Class M PRSI which I understand qualifies her for very little, but otherwise she's an employee like any other.
Dave Vanian;935740. said:She pays Class M PRSI which I understand qualifies her for very little,.
paying maintenance to wife (ex). as payments are voluntary there is no taxation relief for making the payment. falling into high tax bracket and she is not using up all her tax credits and bands. as am sole trader would there be anything wrong with putting maintenance payments to her through as wages every week. advice appreciated, thanks
But I can't find anything regarding a spouse employed by a sole trader - anyone know if they can claim the PAYE credit?
no she does not work, put she feels she is entitled to half the profits from the business which is registered as sole trader not partnership. just trying to save some tax. Also i do not have any tax credits/cut off for her but have not deducted any paye as i know she has not used her single person, parent or paye credit, technically wrong i know but will save thousands in tax.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?