Quote:
“Originally posted by GeoffH
Thats rubbish, she can't ever pay herself more than she is receiving! ”
Oh my god, I've only just noticed Geoff has called one of MY comments rubbish!!
Okay.
Geoff
In law, if you are self employed, YOU are responsible for your employment contract etc. So technically you negotiate your OWN COE. Of course this is a legal "fiction" because you're limited my market conditions etc.
I NEVER stated that she PAID HERSELF, I said she'd negotiate her rate of pay (as I say- a legal "fiction") HERSELF. And as such, she would actually be to blame for her pay being too low for her. (not that she could do much about it).
In effect though, she DOES pay herself. She recieves money for services rendered, and then out of that she would allocate money for pension, pay, PAYE, NI etc.
If you have gathered ANYTHING from my profusion of postings, it should be that I would never say anthing as crass as someone can pay themselves more than they earn!!!
I cannot work out where you got that from.
jack