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Recent content by excessuk

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Living off my warchest

Yes I'm aware of ltd profits are not personal profits. But say my company's pot makes £20k on interests/rent/whatever, and then myCo Ltd pays its sole employee (myself) exactly £20k. Is it correct to say myCo ltd would only be liable for PAYE/NI on the £20k salary and no corporation tax? Is it...
- excessuk
- Post #3
- Apr 23, 2011
- Forum: Accounting / Legal
E
Living off my warchest

Hi, Apologies if this question has been asked before - I search the forums but couldn't find it so I'll shoot the question here. I've been contracting for a couple of years and the pot in my Ltd is starting to build up. I've been living cheaply and I intend to continue doing so, and I was...
- excessuk
- Thread
- Apr 22, 2011
- Replies: 20
- Forum: Accounting / Legal

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