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Where Taxpayers and Advisers Meet

Self-Employed Sponsor with Salary issues

sanuki
Posts:1
Joined:Mon Jun 24, 2019 3:20 pm
Self-Employed Sponsor with Salary issues

Postby sanuki » Mon Jun 24, 2019 3:38 pm

Hello,
I am self employed with limited company and my wife is added as secretary as well. We are 50% share holder each. We have withdrawn monthly salary and dividends that sums up to 26K each or 52K combined income. However we have done a mistake that we did not withdraw salary of only one month for both of us due to mistake. This mistake will leave us only 2K less. We have already paid the personal taxes, corporation tax. Also, for my wife, on one occasion, we withdraw two salaries in a single month ( one for the current month and one for the previous month which we could not due to no funds in business account)

Can someone please advise if this is okay to withdraw the salary now even though corporation tax and personal tax have been filed for the last year?

darthblingbling
Posts:698
Joined:Wed Aug 02, 2017 9:09 pm

Re: Self-Employed Sponsor with Salary issues

Postby darthblingbling » Mon Jun 24, 2019 8:09 pm

Did you process the salary through your payroll?


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