Hi Dave,
Absolutely! I guess I was trying to convey that direct 50/50 income splitting is what proliferated in the 90's and that's what they're trying to stamp out with PSI ... After all, doing the books of a 1 (oh that's right 2) person company hardly constitutes a full-time job does it J Cheers, Trev From: [email protected] [mailto:[email protected]] On Behalf Of David Burstin Sent: Thursday, 29 April 2010 5:12 PM To: ozDotNet Subject: Re: Contracting to a single company On Thu, Apr 29, 2010 at 5:03 PM, Trevor Andrew <[email protected]> wrote: What they don't want to see is your company earns X, and you pay a salary of X/2 to you and X/2 to your wife for "doing the books". Unless your wife really is doing the books, has timesheets to prove it, and is just paid for her actual time at a commercial rate. Cheers Dave Cheers, Trevor From: [email protected] [mailto:[email protected]] On Behalf Of Michael Ridland Sent: Thursday, 29 April 2010 4:37 PM To: ozDotNet Subject: Contracting to a single company Hi I've heard from some people that there is tax implications of contracting to a single company for more than 75 percent of your income, is there any truth to this? Thanks,
