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Currently I don't have a company credit card for my business bank account, so I pay expenses (flights, hotels etc) on my own CC then simply claim the expense from my company bank account and pay off the card.
Is there any advantage/disadvantage to paying expenses from a company credit card as...
I've read through this thread due to a recent change in accountant suggesting different things
Accountant 1 suggested a salary of around 7.5k per year, meaning I was liable to a little NI payments.
Accountant 2 tells me to take a salary of £7072 as this will incur no personal NI but still...
I am currently going through the process with Vodafone.
I have the mobile being paid from the company bank account as a business tariff, but it is currently still in my name. It is taking a fare amount of effort to get this changed to the company name, probably in the region of 2 months. Hoping...
So....
If you have a LTD company where yourself and partner are directors and shareholders AND you take low salary each (~8k) AND you take say 40k dividends each giving each a total income of 48k each, therefore below the 50k, do you still qualify??
I have been back in full time employment for over a year now, during which time my limited company has not transacted at all, except for year end accounts.
The company is in the process of being closed down by companies house and I am urgently looking for advice on what to do with the residual...