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Can i claim wages as a director of a Ltd company

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    Can i claim wages as a director of a Ltd company

    Hi

    I have just started a new ltd company a few months ago, and i was told by a business adviser that i can pay myself a wage ( i think he said £3500 ) and claim it back so it would cost me nothing. Is this right, or am i misunderstanding what he has said please?

    #2
    Claim it back from what?
    Down with racism. Long live miscegenation!

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      #3
      Your accountant will be able to help you out.
      I'm perfect, in a very specific and limited way.
      Hands... out infractions
      Face... the music
      Space... between the ears

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        #4
        Wow.....
        'CUK forum personality of 2011 - Winner - Yes really!!!!

        Comment


          #5
          I've been told to be nice to you. Welcome.

          In this instance, your Accountant is the best person to ask. There are a lot of tossers on this forum, which include me [emoji1787]. Even though some of us have been trained as Accountants, we are not your Accountant!
          I was an IPSE Consultative Council Member, until the BoD abolished it. I am not an IPSE Member, since they have no longer have any relevance to me, as an IT Contractor. Read my lips...I recommend QDOS for ALL your Insurance requirements (Contact me for a referral code).

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            #6
            Hi Rich

            if you look to your right on the forum page, you will see a bar listing various guides ------>

            First look at first timers then keep moving down through the guides, we get many people asking the same question over and over hence the responses in this thread.

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              #7
              Originally posted by BlackCountryContractor View Post
              Hi Rich

              if you look to your right on the forum page, you will see a bar listing various guides ------>

              First look at first timers then keep moving down through the guides, we get many people asking the same question over and over hence the responses in this thread.
              To be fair we've not had this question before
              'CUK forum personality of 2011 - Winner - Yes really!!!!

              Comment


                #8
                Hi,

                How much research did you do before starting up on your own? Have you engaged with an accountant?

                I really do hope this is another troll post!

                WLB

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