I have recently finished my first contract which was only ever an Interim role and this was known at the outset. I took this having been out of work for most of 2002.
On advice of my accountant I paid myself a reasonable wage and a dividend during last year after April 5th.
I have also used my company to import some goods to sell on to another separate company owned by someone I know.
Subsequently I have taken another dividend in order to release money to buy shares in the company whom I had been selling goods onto.
Anticipating that I might be out of work again during this year I have left money in the company and can continue to pay myself for a period (not that long!!!).
Any advice where I stand now re IR35 and should I have done this in a smarter way? I am discussing possibilities of EIS for my share purchase and subsequent directorship.
Thanks.
On advice of my accountant I paid myself a reasonable wage and a dividend during last year after April 5th.
I have also used my company to import some goods to sell on to another separate company owned by someone I know.
Subsequently I have taken another dividend in order to release money to buy shares in the company whom I had been selling goods onto.
Anticipating that I might be out of work again during this year I have left money in the company and can continue to pay myself for a period (not that long!!!).
Any advice where I stand now re IR35 and should I have done this in a smarter way? I am discussing possibilities of EIS for my share purchase and subsequent directorship.
Thanks.
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