Hi
I have just started a limited company with myself as a director and my wife as company secretary.
I will also be working as an employee for the company. Do I have to give director ME a salary and employee ME a salary?.
Is it legal to rent a house at my work location and declare it as a (temporary) branch office?.
Are there any limitation on the % of profit that can be declared as dividend?. Should there be any minimum reserve/surplus be in the company's bank account?.
what happens to the surplus if the company is wound up?.
Should there be any separate PAYE for the director ME and employee ME?.
What reimbursements are applicable to the directors?.
Finally, is it possible to work for myself without a limited company and without the help of umbrella companies or sole company?. does agencies engage and award contract to individuals without a company name?.
I know its too much of questions...but i guess they are all valid questions.
Cheers
I have just started a limited company with myself as a director and my wife as company secretary.
I will also be working as an employee for the company. Do I have to give director ME a salary and employee ME a salary?.
Is it legal to rent a house at my work location and declare it as a (temporary) branch office?.
Are there any limitation on the % of profit that can be declared as dividend?. Should there be any minimum reserve/surplus be in the company's bank account?.
what happens to the surplus if the company is wound up?.
Should there be any separate PAYE for the director ME and employee ME?.
What reimbursements are applicable to the directors?.
Finally, is it possible to work for myself without a limited company and without the help of umbrella companies or sole company?. does agencies engage and award contract to individuals without a company name?.
I know its too much of questions...but i guess they are all valid questions.
Cheers
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