Small part time Ltd Co. needs advise on income strategy

Small part time Ltd Co. needs advise on income...

Didn't find your answer?

A small ltd co.  1 director scenario.  Starting up small, part time consultancy business with small revenues in the first 2 years that will generate a small profit of £7k. 

Question is, is it worth paying the director a salary = NIC level to keep entitlements, and posting the monthly salary as a credit to the directors loan account? 

Replies (0)

Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.