I was wondering if I could get some advice on a situation I don't fully understand. My Ltd company is up and running, already in existence etc. However, I have just accepted a PAYE full-time job, and am unclear about what to do regarding my company. I do have an accountant on-side, but before I approach them I wouldn't mind having a bit of advice in advance, if poss, just so I can get the picture clear in my head.
Do I, for instance, have to park the company, make it dormant? Or can I keep it going, but stop paying myself a salary from it, and switch to dividends, or what?
My current situation is that I pay myself a monthly salary from my own company, and that's it, so I've registered myself as a PAYE employee with my own company. Presumably I now have to lay myself off in order to become PAYE registered with my new employer?
As you can see, I'm baffled, and desperately seeking some kind of clarity to steer me towards the best and legally correct course of action.