I know this topic may have been covered before, but i need advice as i started up a limited company with a friend with the intension of working on the business right away. Due to lack of funds i decided that i would do some contracting work.
All the wages get paid into the Limited company account and i would obviously want a large portion of that money for myself.
I have to invoice the agency weekly via my limited company, and i was wondering how i can get the most money without paying huge tax bills.
Here are my expenses :
car milage (300 per week)
Mobile phone (15 per week)
Running limited company from home (???)
I get paid roughly £750 per week
How should i balance the expenses and weekly salary to receive most of the weekly wage.
Thanks
Paul Barnes
All the wages get paid into the Limited company account and i would obviously want a large portion of that money for myself.
I have to invoice the agency weekly via my limited company, and i was wondering how i can get the most money without paying huge tax bills.
Here are my expenses :
car milage (300 per week)
Mobile phone (15 per week)
Running limited company from home (???)
I get paid roughly £750 per week
How should i balance the expenses and weekly salary to receive most of the weekly wage.
Thanks
Paul Barnes
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