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I work in support with no previous IB experience.
Unfortunately I could do with the extra income so I can't keep it in the company, is it feasible to pay entirely dividends?
Ok, to give a bit of background, I formed my own ltd last year as I was looking to start contracting, however the oppourtunity to break into IB came along through a fixed term contract involving direct employment, I intend to stay in the sector after the fixed term has ended.
Now I have also...
So is the company secretary deemed as being a member of staff even if they aren't on the payroll, for example;
If my father is company secretary, he could bring my mother, and I could bring my oh, meaning a total allowance of £600? Or does the company secretary have to be a paid employee for...
Hmmm.... sceptical to say the least! Just think of the back dated tax you'll have to cough up, once Hector closes in on this 'scheme' and it will be you, not the managers of the company running it that will foot the bill! Be careful!
I second that, HSBC were on the ball when I went in to see them. Walked in with no appointment, walked out fourty five minutes later with fully functioning business account, no fees for twelve months for complete counter service, afetr that I can swithc to phone and net only, and it'll be free...
Malvolio, I don't have a problem with the concept of what can be claimed or can't, if you spend money solely for your business and can support it then the expense is claimable, without BIK thats fine. My questions was whether an expense claimed prior to company formation is submittable or is it...
"We all have a duty of care to ensure that from cradle to grave products are being used appropriately and do not do lasting harm"
Deborah Allen, BAE
Now thats an unfortunate quote if ever there was one, lasting harm? Hmmmm... and death wouldn't be lasting because? FFS! :tantrum:
Thanks SP, I'll have a chat to my accountant about it. It's not the end of the world if I can't claim it, but I paid it out of my own pocket so it would be nice to get the relief on it!