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TAX and my partner

  • 17-11-2009 10:12am
    #1
    CamperMan
    Registered Users, Registered Users 2 Posts: 1,835 ✭✭✭


    Hi,

    I am self employed and have been for a number of years, I live with my girlfriend and have done for 20 years, I support her, she does not have a job and does not claim dole... it annoys me that the tax office will not take my girlfriend into consideration when I file my returns so I pay the tax as if I am single.. unfair :mad:

    Is my girlfriend eligble for tax credits or something like that?, would it be better if I employed her in some way to reduce my tax each year?

    Thanks


Comments

  • #2
    betonit
    Registered Users, Registered Users 2 Posts: 526 ✭✭✭betonit


    not being smart.. marry her


  • #3
    mikemac
    Closed Accounts Posts: 19,986 ✭✭✭✭mikemac


    Back when the tax year started in April my parents tell me April was always the busiest month for marraiges, something to do with tax anyway.

    This is going back a few decades now.


  • #4
    CamperMan
    Registered Users, Registered Users 2 Posts: 1,835 ✭✭✭CamperMan


    but why should you have to marry...... I might just let her sign on the dole :D


  • #5
    dudara
    Registered Users, Registered Users 2 Posts: 33,518 ✭✭✭✭dudara


    It's a serious dichotomy in our system that Dept of Social Affairs assesses you as a family unit, while the Revenue does not.


  • #6
    Rulmeq
    Registered Users, Registered Users 2 Posts: 1,101 ✭✭✭Rulmeq


    If you are self-employed, then why not pay her a wage? You would be able to claim back the PAYE/PRSI against your income tax, and she would also be able to build up an entitlement to the contributory pension (or whatever other PRSI entitlements you can get).

    BTW, I'm not an accountant, and don't know if this is possible, but talk to your accountant about it.


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  • #7
    Bookkeeper09
    Registered Users, Registered Users 2 Posts: 266 ✭✭Bookkeeper09


    Yes you can pay her a wage.
    You would need to be registered as an employer(if not already) and would have to file a P35.
    Her salary would be tax deductible in your accounts and she would be able to utilise her tax credits and lower rate band.


  • #8
    maddogcollins
    Registered Users, Registered Users 2 Posts: 998 ✭✭✭maddogcollins


    Agree with Bookkeeper09. You can pay a wage.Would make more sense than not paying a wage.

    Just remember you will have to file Montly P30's and a P35 annually.

    Make sure to register as an employer (I think TR1 on revenue)

    If you do go down this road, sage offer a free payroll software for 1-5 employees.

    Iv never used it so i am certainly not giving a plug for it. Just it may be worth a try.

    http://www.sage.ie/payroll/quickpay/quickpay_download.asp


  • #9
    Rulmeq
    Registered Users, Registered Users 2 Posts: 1,101 ✭✭✭Rulmeq


    maddogcollins wrote: »
    Agree with Bookkeeper09. You can pay a wage.Would make more sense than not paying a wage.

    Just remember you will have to file Montly P30's and a P35 annually.
    With just a single employee, it would probably be quarterly P30s


  • #10
    maddogcollins
    Registered Users, Registered Users 2 Posts: 998 ✭✭✭maddogcollins


    Rulmeq wrote: »
    With just a single employee, it would probably be quarterly P30s

    Sorry, thats right. If your PAYE/PRSI liability will be under €30,000 (i think), you can file quarterly.


  • #11
    CamperMan
    Registered Users, Registered Users 2 Posts: 1,835 ✭✭✭CamperMan


    maddogcollins wrote: »
    Agree with Bookkeeper09. You can pay a wage.Would make more sense than not paying a wage.

    Just remember you will have to file Montly P30's and a P35 annually.

    Make sure to register as an employer (I think TR1 on revenue)

    If you do go down this road, sage offer a free payroll software for 1-5 employees.

    Iv never used it so i am certainly not giving a plug for it. Just it may be worth a try.

    http://www.sage.ie/payroll/quickpay/quickpay_download.asp


    thanks.. will look into this and probably fire my accountant, useless


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  • #12
    mickbyrne
    Closed Accounts Posts: 164 ✭✭mickbyrne


    There no doubt that as your life partner she is probably doing a lot of work for you in your business, albeit not officially. It is on this basis that you should be paying her.
    Also the trips to the customers that she makes and subsequent trips to the bank to lodge your money would also qualify her for travel and subsistence allowances as long as the criteria set out by revenue is met.

    To register as an employer as you are already self employed you need form Premreg. See link below
    http://www.revenue.ie/en/tax/it/forms/premreg.pdf

    On the upside (or possibly downside) there is currently a ‘Civil Partnership Bill 2009’ going through the houses of government at present. This may mean that legal liabilities may be imposed on people in similar positions to yourself without realising it. Hopefully this may be the start of a change in the tax system to reflect how people live now. Marriage is still popular, but no longer the norm. Society needs to move on.
    p.s. – If you are looking for a not so useless accountant give me a shout.
    Regards,
    Michael
    www.perspective.ie


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