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Where Taxpayers and Advisers Meet

Any gains on income tax and corporation tax?

shehzaad
Posts:1
Joined:Sun Mar 31, 2019 7:30 pm
Any gains on income tax and corporation tax?

Postby shehzaad » Sun Mar 31, 2019 7:37 pm

Hello All,
I am in full time employment and my income tax at 40% (higher rate) is paid through PAYE. I am the Director of 2 UK registered startups and the business in those startups are yet to generate revenue.

My questions are -
  • Is there any tax gains I can make given my higher rate income tax payment through my FTE and any corporation tax for my 2 startups?
    Is there any gains to have to employ my spouse in one or both of my startups? She is at present unemployed.
Thanks in anticipation for your advice.

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