In this company year I've only paid one big dividend (April 7th), and pay myself minimum wage salary. I've been working on the Plan B for a couple of months now, and because of that and my previous client not paying up for a month's work, I'm facing the situation where I might run out of money.
There's enough money in the company to pay my salary until the end of the company year (end of Jan) if I earn no more, but if I do that the profit for the year will be less than required for the dividend I've already paid.
The question is: do I need to worry? Do I need to stop paying salary, or refund some of the dividend, or is it not really a problem as long as I can ultimately make my CT payment 9 months later?
There's enough money in the company to pay my salary until the end of the company year (end of Jan) if I earn no more, but if I do that the profit for the year will be less than required for the dividend I've already paid.
The question is: do I need to worry? Do I need to stop paying salary, or refund some of the dividend, or is it not really a problem as long as I can ultimately make my CT payment 9 months later?
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