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Sporadic dividends

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    #41
    Originally posted by Hobosapien View Post
    I don't think a recorded board meeting is required anymore, just an agreement between shareholders, which can be verbal or silent if as only shareholder you don't want to be seen talking to yourself.
    I have the template.

    99% of the time it says the same thing.
    "You’re just a bad memory who doesn’t know when to go away" JR

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      #42
      Originally posted by SueEllen View Post
      I have the template.

      99% of the time it says the same thing.
      freeagent generates the paperwork when you declare a dividend, so no need for a separate template.

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        #43
        Originally posted by Lance View Post
        ditto.
        Although now I have appointed Mrs. L. as a director we're going to have a board meeting this evening in an Italian restaurant
        Make sure the bill is less than £100 for P11D purposes

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          #44
          Originally posted by FrontEnder View Post
          freeagent generates the paperwork when you declare a dividend, so no need for a separate template.
          It's paperwork is less than ideal for multiple shareholders though - it makes it seem like a single dividend split between shareholders is actually multiple dividends based on the wording of the minutes (which it generates for each dividend payment) and the vouchers.

          What I do to make it absolutely clear that I'm declaring a single dividend is to use FreeAgent journals - create a single journal set showing the dividend entries and payment to the respective loan accounts with the appropriate splits (it still generates the dividend paperwork when you do this) - and then reconcile the bank payments as payments from the appropriate loan account.

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            #45
            Originally posted by TheCyclingProgrammer View Post
            What I do to make it absolutely clear that I'm declaring a single dividend is to use FreeAgent journals - create a single journal set showing the dividend entries and payment to the respective loan accounts with the appropriate splits (it still generates the dividend paperwork when you do this) - and then reconcile the bank payments as payments from the appropriate loan account.
            I'm now doing the same for record keeping purposes (not least because I paid a divi on 31st March after generating my first invoice but before the company being paid)

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