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Where Taxpayers and Advisers Meet

Converting Accrued Salary to equity

frazer 20
Posts:1
Joined:Mon Aug 23, 2010 12:22 pm
Converting Accrued Salary to equity

Postby frazer 20 » Mon Aug 23, 2010 12:26 pm

I am a working for a small company and want to convert unpaind accrued salary into equity in the tax efficient manner. Can anyone help?

Budget83
Posts:149
Joined:Wed Jan 13, 2010 3:52 pm
Location:Bath/Bristol Area

Re: Converting Accrued Salary to equity

Postby Budget83 » Wed Sep 08, 2010 1:12 pm

I assume that you are a Director, I would transfer the salary to the directors account and then a share issue.

Can I ask the reason for this exercise?


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