Hannahsmith88
Well-Known Member
I own a salon as a limited company with 2 of us that own the company.
We've a few staff members (some are self employed) our employed stylist wants to go self employed, which is fine.
My question is, we just hit the vat threshold which kills our profits. We either need to be under or over but we always just hit it.
Would us salon owners be able to also work as self employed within the company, so all of us act as self employed but we pay the business a rent?
This way we can split our income meaning we will be below the threshold!
Is this legal?
Thank you for any advice in advance
We've a few staff members (some are self employed) our employed stylist wants to go self employed, which is fine.
My question is, we just hit the vat threshold which kills our profits. We either need to be under or over but we always just hit it.
Would us salon owners be able to also work as self employed within the company, so all of us act as self employed but we pay the business a rent?
This way we can split our income meaning we will be below the threshold!
Is this legal?
Thank you for any advice in advance