return dividend

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pr1 replied

9 June 2016, 07:47
Originally posted by dkldn View Post

paid myself dividend from company account, but realize i'd better not do it. Can I pay the money back to my company account?

Yes pay it back asap and get your accountant to note it as a directors loan, even if it was for over 10k, if its only for a short time the interest won't be a lot, especially if your company offers it's directors very competetive interest rates
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northernladuk replied

8 June 2016, 21:11
Originally posted by dkldn View Post

I do have an account, but she can't give me advice in the evening.

So wait until tomorrow? I see you are with SJD. Didn't close the company and go umbrella in the end?
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dkldn replied

8 June 2016, 21:10
I do have an account, but she can't give me advice in the evening.

Originally posted by northernladuk View Post

No. You've got to hand yourself in to the nearest police station.

Why don't you speak to your accountant? If you had done that you wouldn't have been in this mess in the first place..

You do have an accountant don't you?
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TheCyclingProgrammer replied

8 June 2016, 21:09
Legitimately, I don't think so.

But who's to say it wasn't just a director's loan*, that you intend to repay shortly. Because you hadn't actually got around to drawing up the dividend paperwork, had you?

* if the amount was more than £10k then you will need to pay interest on the loan.
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northernladuk replied

8 June 2016, 21:09
No. You've got to hand yourself in to the nearest police station.

Why don't you speak to your accountant? If you had done that you wouldn't have been in this mess in the first place..

You do have an accountant don't you?
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dkldn started a topic return dividend

8 June 2016, 20:58
return dividend

paid myself dividend from company account, but realize i'd better not do it. Can I pay the money back to my company account?
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