We're going to go ltd in April, but I've heard conflicting reports as to what you tell tax credits as in what the household income is.
Some I've spoken to tell them the minimum £650 as the rest is taken as a dividend, some tell what they exactly take out if the business as a wage and some tell them what their profit is, despite being ltd
I'm really confused as to what to tell them as it seems to be down each individuals' preference. Could you tell me what you do please?
My accountant hasn't a clue when it comes to any sort of benefit. If I declare all of my profit next year, don't think I qualify for jack anyway!!
Mods-apologies if this us in the wrong section
Steve