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UK Floor Cleaning Forum => Carpet Cleaning Forum => Topic started by: Eddie_Rhone on August 10, 2011, 08:32:10 am

Title: Sole Trader to Ltd Co Part 2
Post by: Eddie_Rhone on August 10, 2011, 08:32:10 am

Hi Everyone

Many thanks to all who replied to my earlier post about becoming a ltd Co certainly alot of interesting comments.

As a ltd co as I understand it you pay yourself a wage by Paye and draw additional monies by means of Dividends, wondered how people who are ltd do that, do you draw monthly, twice a year or whenever you require funds.

Regards

Eddie

Title: Re: Sole Trader to Ltd Co Part 2
Post by: robert meldrum on August 10, 2011, 10:09:46 am

You can withdraw funds whenever you like but this will be liable for tax unless you get a good accountant to look after you and provide you with best advice.

You'll find accountants are a lot less expensive than carpet cleaners and your initial meeting for a chat is FREE.