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Well my accountant said I could not pay myself salary as I started the contract in July. So I just pay myself a dividend each month - enough to live on.
I have not other option until I save some cash up.
I am a contractor (LTD Company with me as the sole shareholder) undertaking my first contract.
My accountant has set me up a spreadsheet which works out my divs + expenses ensuing in a transfer from my business account into my personal account.
Do I have to make the transfer of Dividends in...
Thanks guys, my accountant is on holiday at the moment so I'm a bit stuck. If I just draw out half for now so I have something then I should be ok!
Or, should I leave it until the accountant gets back?
Hello all, first post here.
I have recently set up a Limited Company and have been paid into my company account. My account is set up online and I noticed I can transfer money from my business account to my current account.
Can I draw money from the account as and when I like or do I have to...