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Problem Accountant

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    #11
    Originally posted by Taro View Post

    Mr Marky Mark : They automatically stopped paying my salary when I said I was looking for a new contract and forgot to start paying me when I told them I'd found one. I did agree to the 7k but it was the best choice at the time but I was reliant on their professional advice like most of us.

    .
    The bit in bold is what they did wrong.

    Regardless of whether you are in a contract or not, there should be sufficient funds in your company to pay your salary and other company expenses for the year.

    Dividends are simply a bonus for the risk you take in running a company and if there are no profits you shouldn't take dividends.

    In other words until you have 12 months salary and known company expenses in your company account you shouldn't take dividends.
    "You’re just a bad memory who doesn’t know when to go away" JR

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      #12
      What did your Payslips and payroll summaries reflect? Did you pay yourself according to these or just an arbitrary amount?
      I was an IPSE Consultative Council Member, until the BoD abolished it. I am not an IPSE Member, since they have no longer have any relevance to me, as an IT Contractor. Read my lips...I recommend QDOS for ALL your Insurance requirements (Contact me for a referral code).

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