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Recent content by James131

  1. J

    Retrospectively claim dividends as salary - how far back?

    No, I wasn't and I'm still not - does that limit my options?
  2. J

    Retrospectively claim dividends as salary - how far back?

    Exactly. I'm just looking for advice on the best way to reverse that poor decision as much as possible. I've been advised that I can claim all dividends this side of 01 March 2016 as salary - but what about the previous financial year - of which I'm about to file my end of year accounts (and pay...
  3. J

    Retrospectively claim dividends as salary - how far back?

    I'm looking for a way to (legally) avoid the cooperation tax. Salaries would have been classified as expenses for the ltd, but dividends are paid from profits so the company will have to pay 20% on that £15,000 - right? Sorry, I'm sure this is frustrating for you, but I appreciate your help.
  4. J

    Retrospectively claim dividends as salary - how far back?

    That's interesting, I hadn't heard that before but things are already looking up - so I think .ltd will make sense in the long run.
  5. J

    Retrospectively claim dividends as salary - how far back?

    Sorry, I probably didn't make myself clear. The dividends we made were from profits the company had made. Even with the dividends paid out there is more money in the company accounts than when we started, it's just that we should have paid that money out in a salary rather than dividends. I'm...
  6. J

    Retrospectively claim dividends as salary - how far back?

    Hi everyone, I'm new to running a limited company and I have made the mistake of paying myself and the other 50% shareholder solely in dividends - £15,000 since our incorporation on 03/02/2015. I should note that we're a new start-up and neither director has any other sources of income. I'm...
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  1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
    2. Social / Events
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