Lying friend

[Mummyofthreeloves]

Hi MN.

I need to ask a question and I am feeling hopeful someone could perhaps explain this to me, if anyone knows the way companies house works etc.

My sister is unemployed. She's very lazy, but her husband works offshore self employed. I made a comment to her that she should get a part time job if she is feeling bored. She quickly snipped that she is a director in her husbands company, and made out that she's so busy with this.

I went onto companies House and she is listed as a director of his company. Her husband as I stated above is self employed and works when he picks up a new contract.

Can someone explain if she's busy as a director. She was trying to belittle me as if I was beneith her and I don't know what she does etc. She made out that she's always doing his taxes and other things to do with being a director. Is she having me on?

I know it's none of my business but I'm just cureous what her actual job would be as a director of his company of exactly him and her.

Is she just a name on a bit of paper to avoid tax and she can claim dividends etc?

It really is none of your business

MN should let this stand and never let you NC...

I’d be bloody miffed if my sister owed me money and made no concrete plans to pay it back.

FYI the info on Companies House is freely available to the public, so I wouldn’t count it as snooping per se.

If the husband is one person contracting then all she would be doing is issuing his invoices, either weekly or monthly and making a note of when they are paid. Plus recording his allowable expenses and possibly paying them over. Probably about an hour week, maximum. In return the company could pay her a salary using her 11k tax-free allowance plus any dividends they agree to take.

Also there's a massive difference between being so pissed off that your sister owes say £6.50 from a meet up cup of tea plus sandwich, to say vs a £200- 2k loan that they appear to have no intention of repaying? If she's just not paying her way when you go out, then just don't go out with her?

If she is not working and is down as a director it is tax efficient for him to pay her to her tax free allowance of £11k per year rather than to the taxman. I am happy to be corrected but its something like that

Yeah I was coming on to say the same. It's a tax thing.

😳

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I see the future of thy thread.
"Real life concerns"

On a serious note. As pp said. Depends on how much she owes and if she is doing all of his paperwork etc

Tbf as a now middle aged person with a younger sibling I'd often financially helped out in the past.... If they refused to reimburse me I could always revert to the 'higher power', ie ask our mum to tell them they must repay 😂 But tbf most of those conversations occoured when we were both much younger, and frankly I'm not daft enough to dole out cash to people I'm unlikely to get it back from these days. Moral of the story is don't lend what you know you can't afford to lose.

It can mean nothing or a lot...

My auntie is a director for my uncles self-employed business. He is a contractor, often works overseas. She does nothing. Zero. Whatever is it, why they have done it I have no idea but it means nothing in the respect of 'work'. I also know someone who owns a beauty salon and her husband is director. Again, he has absolutely zero involvement in her business.

However, I work for a large corporate company, the directors who are listed as directors have hugeeeeeeee massive demanding jobs.

I can't be doing with brain dead morons on here who get their kicks from trying to be rude to someone asking a question.

You can judge her but nobody is allowed to judge you?

Bottom line is - you're fully within your rights to ask for someone you've loaned money to for repayment. However, there's zero point on getting on a high horse because someone 'chooses not to work' (if they repay what they owe you). Because that's nothing to do with anyone else.

If she's an appointed director (ie not just in name only), and according to her "it's a lot of work", then is her DH paying her a wage? If she's actually working for the company and earning money then she should be paying back what she owes you.

How can she be bored if there's so much work involved, or does she find the work itself boring?

I’m director in my husbands company for tax reasons. I am a stay at home parent to 3 children under 5 so I am very busy don’t get me wrong, but I have nothing to do with the company as such.

If she owes money to you then thats not on .If it is a lot then maybe ask/remind her .Telling her to get herself a P/T job is a little condescending TBH .Do you feel she is lazy ? or do you not see what she does day to day .You need to sort out repaying this loan with her .

She should pay you back though. Don’t lend to her again if she’s a bad debt.

I don’t understand why it matters how busy she is at her job? She said she has a job, you checked on the website and confirmed that she is employed in the job she said she was. What are you suggesting - if she’s not busy enough in her job you don’t count it?

I’m director in my husbands company for tax reasons. I am a stay at home parent to 3 children under 5 so I am very busy don’t get me wrong, but I have nothing to do with the company as such

You might want to careful about saying that, a friend of mine did the same and there was some kind of Inland Revenue investigation into the business and while I don't know all the details there was some kind of problem with her not actually working there.

It was a few years ago so maybe things have changed.

She shouldn't really be paying herself the £1,000 or so tax free allowance unless she is doing that level of work. That would be tax fraud.

Being a director does bring responsibilities but again many people are just so that your self employed person can run their affairs via the security of a Ltd company.

"No need for nasty comments"

brain dead morons

😂

Hope she never pays you back, OP!