Don't know if I'm posting in the correct place. My husband is setting up as a ltd company as an IT consultant. He will obviously speak to a professional but just wondering if anyone on here can give us some pointers:
How to go about setting the ltd company up?
Should he open a business bank account?
Can you pay your tax & ni bill monthly and how do you go about doing this?
He mentioned employing me as his secretary and paying me a small salary (I don't want to go into the next tax bracket and already have a full time job). I would actually be doing some paperwork for him - is this morally / legally wrong as it means he would be paying less tax on his profit?
What kind of things can he claim as business expenses; IT equipment, travel costs, stationery, what about business lunches etc?
Any pension advice? Better with a scheme or isa?
Does anyone know anything about sickness insurance?
Sorry if I sound completely clueless but we've both always been paye.