Has anyone done this?
I've been a sole-trader for years now but the husband has decided he wants to be completely self-employed after he finishes uni and is making the start now.
We both work from the same home so already share things like broadband, electricity etc but also things like hosting, social media scheduler and other things (I can't think of). Broadband is in his name, hosting is in mine so for tax purposes, I'm assuming we'd have to invoice each other for our share to add to returns so I was thinking of just turning us into a partnership...
Has anyone else done this? Is there anything involved that I should be aware of? Anything that we should do differently to being individual sole traders like banks accounts etc.
I've been a sole-trader for years now but the husband has decided he wants to be completely self-employed after he finishes uni and is making the start now.
We both work from the same home so already share things like broadband, electricity etc but also things like hosting, social media scheduler and other things (I can't think of). Broadband is in his name, hosting is in mine so for tax purposes, I'm assuming we'd have to invoice each other for our share to add to returns so I was thinking of just turning us into a partnership...
Has anyone else done this? Is there anything involved that I should be aware of? Anything that we should do differently to being individual sole traders like banks accounts etc.