New to Contracting

[BrilloPad]

presumably just to make their life easier?

I liked the title of your edit. I have a friend - an ardent feminist! I recommended my house buying solicitor to her. She asked his name. I took huge delight in saying it was a woman - and not to be so sexist!

My accountant recommends it as he is worried that HMRC might say the a dividend more than once a quarter is salary. I have no idea if there is any backing for this. But I try to keep as far away from HMRC as I can.

[Sausage Surprise]

I liked the title of your edit. I have a friend - an ardent feminist! I recommended my house buying solicitor to her. She asked his name. I took huge delight in saying it was a woman - and not to be so sexist!

My accountant recommends it as he is worried that HMRC might say the a dividend more than once a quarter is salary. I have no idea if there is any backing for this. But I try to keep as far away from HMRC as I can.

Errr...no...it's a dividend and not salary. The clue is in the name and the paperwork that goes with it.

[Snarf]

Hi all,

I've recently started contracting and have a couple of questions i'd really appreciate your thoughts on. I know these things are very rarely black and white but any advice would be much appreciated.

I've set up a ltd company and now have a decent amount of money in my Business Account. I chose to pay myself a salary similar to what I was previous on in permanent employment, however i'm short of cash this month. The way the business is set up, I can pay myself a dividend but i'm not sure how to go about this yet.

So my question is, can I just transfer some money over from my business account to my personal account as a one-off payment without any ramifications?

Thanks

I'd suggest the best option is ask your accountant, as you've found from the responses above you won't get a consensus on here when asking things like this...