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Ok so I’ve been contracting for nearly 6 years, in May I gifted part shares to the wife who is company secretary and employee. I setup first dividend payment date schedule in May into our separate bank accounts (5k each). All documentation completed (Declaration, Tax vouchers), however payment...
You'll get the answer more likely in this test forum...I've used it for many years when stuck on issues.
http://www.sqaforums.com/postlist.php?Cat=0&Board=UBB5
Yeah, company has only been trading for a year, so I guess I would’nt really benefit from taper relief.
I’ll have a word to my accountant again, see if the advice will be of any use. Seems like last few months I’ve got most of my tax/legal questions answered by just reading through these...
Sounds like an idea, although I’ve only got 7 weeks left before I leave. Would this be enough time to sort out all my payments for VAT & TAX before I leave.
Im sure if I spoke to my accountant about the idea, probably advise not to close and to keep me on there books for business.
If I...
Thanks Bear, yip sounds like it the right way to go.
yes, I did ask my accountant what steps I need to take so that they can take care of VAT and Tax returns.. etc whilst away.
ahh true, you have a point there regarding taking profit while company is not earning. Thanks.
Unless I take large chunk in dividends before I leave which I was going to do anyway and not withdraw dividends or salary again till I get find a new gig when I get back...Although that could take a...
I’m a month away from completing my first year in contracting (Outside IR35). I have turned down a contract renewal as my wife and I have planned to take 7 months out for a world trip. :smokin
I asked my accountant at SJD to advise me what I should do with managing the business account and...