Limited company, advice needed on Wages not salary

[Waldorf]

hmm just spoke to the accountant, and he said he indeed did do the paperwork for the divs...I have been entering them in the online system, and he did the rest

what does it mean if you took no salary and just pure divs then?

I think you should make sure you have this paperwork.

As for a template, here is one - Contractor Accountant specialists UK | Accountancy Service for contractors | Interim Managers Accountancy Services UK | Take Home Pay Calculator UK.

[topper]

hmm just spoke to the accountant, and he said he indeed did do the paperwork for the divs...I have been entering them in the online system, and he did the rest

what does it mean if you took no salary and just pure divs then?

1st as Waldorf says, get your Divi vouchers from your accountant and check then double check they all tally up to the amounts and dates you transferred the money.

2nd What it means is that last year you earned no salary, paid no NI so have no "stamp" for last year towards state pension etc, it also means you have not made best use of your income and wasted ~£7000+ tax free personal allowance meaning your accountant has suddenly cost you a lot more than just his fees by not giving you good advice!

3rd (and probably most importantly).................sack your accountant and get a decent one!