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Running a Ltd co. whilst an employee of a seperate organisation
golfrev
Posts: 1 Newbie
I am an employee of a large organisation and am looking to set up a ltd co. for additional income. My employer is happy with this as it does not affect my work.
What are the tax and NI implications here? My salary is about £30,000 with my employer and my ltd co will make approx. £9000 profit per year.
All help and advice is appreciated!
What are the tax and NI implications here? My salary is about £30,000 with my employer and my ltd co will make approx. £9000 profit per year.
All help and advice is appreciated!
0
Comments
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The best advice is to go see an accountant, most will give a free initial consultation.
The most likely advice given your employee salary would be to take all the money out of the company as dividends rather than salary.0
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