Two Contractors can work through the same Limited Company. The pros are for couples because when one is earning more than the other, or one is without a contract, the tax can be equalized and it can help avoid Higher Rate Tax. Accountancy costs can be saved because you can both use the same system. However if 2 friends do this, it is a potential recipe for conflict if one takes more money from the Company than the other thinks has been earned – and the Flat rate VAT threshold could be exceeded more quickly than with only one Contractor in the Company.
Can 2 Contractors work through the same Limited Company?
9 Aug 2019 | Contractors