Calc Corporation Tax due on the Flat Rate Vat Scheme

[fitzy73]

Bump bump.

Quick question - I understand the FRV Corpo Tax, but I'm failing to understand if it takes into account any wages I pay myself i.e. do my Company expenses include or exclude my wages I pay myself as an employee of my Ltd?

[TheCyclingProgrammer]

All salaries are company expenses.

[Alan @ BroomeAffinity]

Bump bump.

Quick question - I understand the FRV Corpo Tax, but I'm failing to understand if it takes into account any wages I pay myself i.e. do my Company expenses include or exclude my wages I pay myself as an employee of my Ltd?

If you don't understand this you maybe shouldn't be attempting your own accounts and CT return. There are serious consequences if you get it wrong so its probably worth seeking professional assistance - at least for the first time.

[Pondlife]

If you don't understand this you maybe shouldn't be attempting your own accounts and CT return. There are serious consequences if you get it wrong so its probably worth seeking professional assistance - at least for the first time.

++1

Get an accountant.