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I have just started contracting and have set up a Ltd company to work under. I have heard other contractors chatting about paying themselves a minimal wage. Some have mentioned enough to live (pay bills) whilst others have mentioned paying just over/below the tax band. Is this legal/valid way...
I am soon to start working as an IT contractor as one of the requirements was either to work under an unberalla company or set up a ltd company of my own. I have therefore registered my own comany & now a little confused. Is it really necassary for me to have an accountant? also, i have heard...