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CruzAccountant
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ScottNugent, post: 87061 wrote:
Thanks for the responses guys; very in-depth.

What stops me simply contracting work to him? :)

You can contract work to him. Nothing’s stopping you doing that. Your collegue however may need to get specific tax advice on his situation as he may fall under PSI rules.

I agree with the above post regarding partnerships, however I have seen them work successfully as well. The main issue I see is what happens when one partner isn’t pulling their weight?