Article Database
Search results: 5 article(s) found in topic: Family companies - keyword: Employing family members
relevanceTAX
Tribunal rules on tax deduction for children’s wages
The First-tier Tax Tribunal (FTT) recently ruled on whether a business owner was entitled to a tax deduction from his profits for wages paid to his adult son. What was the outcome?
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PERSONNEL
The NMW and family members
As a general rule, all workers must receive the minimum wage rate that’s appropriate for their age. But what happens if your business employs family members - is there any exemption available?
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COMPANY LAW
Simple ways to keep control of a family company
As your family company expands to include younger generations and their partners so does the risk of disputes and the worry that a divorce could split the business. What steps can you take to stop this happening?
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PERSONNEL
Wife takes her husband to the tribunal (and back)
Many directors involve their spouse, or partner, in the running of their company; this is often seen as the safest approach. But suppose they had an employment dispute which turned ugly? Would the tribunal give it the time of day?
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PERSONNEL
The trouble with employing family members
It’s quite possible that you have one or two family members on your company’s payroll. With such a close connection you might be tempted to ignore all the employment rules. But what are the risks in taking this approach?
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