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Recent content by trigger
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Quick Ltd Co bank account setup
30 days vs 30 minutes 30 days vs 30 minutes I first applied online to Alliance & Leicester, who, after after about 3 weeks not hearing from them, finally contact me to get my CompSec to physically go to a branch and show photo id etc. My CompSec, who graciously gives his spare time on a...- trigger
- Post #11
- Forum: Accounting / Legal
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Optimizing dividends
Firstly, didn't you read my last thread above yours? Also, you're the second person in this thread who has done this -> :suicide: "With all due respect", yes I do find it quite irritating. Don't you think the whole point of this forum is so that members can ask silly (if not a bit stupid)...- trigger
- Post #29
- Forum: Accounting / Legal
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Optimizing dividends
Thanks to everyone for their help and superfast replies. This has really helped my understanding of the whole dividend/wages/expenses scenario. This forum ROCKS! :music:- trigger
- Post #26
- Forum: Accounting / Legal
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Optimizing dividends
No, the logistics of paying the wages are not the problem, since I have online banking. But my question is whether I NEED to pay myself wages over these months (I am not working)? Is it ok for me to just stop paying myself in DEC-2007...and then, if I want to, draw a dividend in MAY-2008??- trigger
- Post #18
- Forum: Accounting / Legal
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Optimizing dividends
Ok just thought of something else... Does this mean that I will need to pay myself wages (every month) for the whole twelve months of any given financial year? For example, given my hypothetical scenario, since I will stop working in December, do I need to keep paying myself wages, every...- trigger
- Post #15
- Forum: Accounting / Legal
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Optimizing dividends
Ok thanks DaveB, now I understand. Its just that when my accountant first told me that "after expenses and wages, everything else is profit"...I thought he meant that for every given dividend transaction, I first had to first initiate a wages and expenses transaction. Should have really been...- trigger
- Post #14
- Forum: Accounting / Legal
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Optimizing dividends
@pickle: :moon: Ok, but let's say hypotetically my contract finishes Dec this year, and I don't draw from my company account for six month (say because I'm away in Canada skiing for the season). If I then go to draw from my account in May 2008, are you then saying I can just draw a...- trigger
- Post #10
- Forum: Accounting / Legal
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Optimizing dividends
Hi All I'm new to this forum. I usually ask my accountant these questions but he's on holiday so I thought I'd post it here instead. My query is one re dividends, and essentially optimizing it. I have been thinking about it quite intently, and wanted opinions re below... I am in two minds as...- trigger
- Thread
- Replies: 28
- Forum: Accounting / Legal
