Hi folks
Hoping for some advice if anyone is in a position to.
I’m currently in a partnership, and we’ve been looking to go Ltd for some time, but have always been put off by our accountant. This is mainly because we earn different levels of income, not linked to any particular percentage.
We spoke to a new accountant this week who also shared his concerns. We had looked into alphabet shares but we were told that if we were looked at by hmrc, then they may say that one of us is paye (although not quite sure how). We are currently effectively 2 sole traders who share a trading name and bank account so that we can share the costs of what we do.
Any ideas or advice would be greatly appreciated.
Many thanks
Michael
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