• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

  • You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
  • You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
  • If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

Previously on "Altering share allocation and altering directors salary"

Collapse

  • PAH
    replied
    As recommended, your accountant can advise, certainly for point a. Alternatively probably loads of info (too much even) on the inland revenue website, but if you've an accountant may as well use his/her expertise.

    Point b is straight forward using forms from companies house where you can do all sorts with share allocations, issuing new shares etc. Have a look on their website for the info/forms.

    If it's your company you can do anything you like whenever you like. An accountant will be able to advise whether you should be doing it (maybe better alternatives) and whether now is the right time, and how to do so legally and satisfy all the red tape nonsense.

    Leave a comment:


  • Maxamus
    replied
    Originally posted by ookook
    How easy is it too

    a) Alter the directors salary (say from 10k a year to 6K a year)
    An email/call to your accountant is enough

    Leave a comment:


  • Altering share allocation and altering directors salary

    How easy is it too

    a) Alter the directors salary (say from 10k a year to 6K a year)

    b) Alter the share split (say from 100% to 80/20)

    Once the company has been incorporated and started trading?

    or is this something that should ideally be done when the company is formed?

Working...
X