Is it acceptable to credit salary to Director's current account?
My client has asked if the payment of Directors remuneration of £589 per month can be treated as a paper exercise. It would be credited to Directors current account but not drawn until the company could afford to pay. Currently the director is putting his own funds into the company to fund it while the business gets going so it wouldn't make sense to draw the money as a salary if it could just be credited to DCA. The year end paper work would be done and the client would get a years credit for his state pension.
Have I missed something?
Any thoughts gratefully received!
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