If I understand correct, wages differ from salary in the manner that they are performance based and can vary in amount and date.
My accountant advised me to take a directors salary of something like 580 per month, however due to issues such as, number of contracts per month, client payment problems and other circumstances, the personal money I paid myself has been varied in amount and date, albeit generally towards the end of the month, 27 28 29 etc)..I believe there has also been 1 or 2 months where I paid myself nothing
should I declare everything I took for me personally, as dividends?
is there anyway I can still claim these amounts as employee expenses (directors salary), or will that be impossible as they are not regular.
seriously need some advice here on what to do, thanks
My accountant advised me to take a directors salary of something like 580 per month, however due to issues such as, number of contracts per month, client payment problems and other circumstances, the personal money I paid myself has been varied in amount and date, albeit generally towards the end of the month, 27 28 29 etc)..I believe there has also been 1 or 2 months where I paid myself nothing
should I declare everything I took for me personally, as dividends?
is there anyway I can still claim these amounts as employee expenses (directors salary), or will that be impossible as they are not regular.
seriously need some advice here on what to do, thanks
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