Satisfaction is guaranteed and you pay your Expert only if you are satisfied.
Just type your detailed question and click "Get an Answer."
In minutes you'll get a response from an Expert. You can always ask follow-up questions.
Happy with your answer? Leaving positive feedback ensures your Expert receives credit for helping you.
My husband was self-employed as a handyman and we ran our business as a partnership (he did the manual work I ran the office) for 30 years. We closed the business 5 years ago and he worked for a firm. Since July, he has recommenced his self employment and he started doing it as a sole trader. We now find out that he cannot pay me a wage for doing office work for him. Should we go back into a partnership as we did previously? The ATO are no help at all.Are we able to go back to a partnership situation.
Thanks, XXXXX XXXXX what I thought and it would definitely be less hassle. Yes our partnership name is XXXXX XXXXX the site. We changed because people have told us that you can no longer have a husband, wife partnership - Do you know of any reason why the Tax Department would not approve it?
You must always be wary of what people say I have been doing this for 40 years and am still amazed at the so called experts out there who read something in the paper and think its gospel - if you are doing the books and are registered as an owner and doing the running around and helping out - you are entitled to be in partnership. You just need to be careful about how you set yourself up keep a diary of the time you spend doing the books picking up supplies doing the banking etc for 12 weeks while you do your vehicle logbook. I have always found it harder to justify being employed in your situation. Any problems going forward you know where i am and don't hesitate to come back to me
Don't forget to accept my answer so it clears my online file. You can always request me if you need further help
Thankyou so much, I will definitely contact you if I need more advise
Oz Tax Guru
MBM Bachelor of Commerce FNTAA