I registered a limited company in March and it made its first money 15th March. I'm the director and the only person involved in the company. I finished a permant role late March and the new company is going to be my only source of income this financial year.
I've only just registered for as an employer, set up payroll in my accounting system (FreeAgent) and set myself as an employee from 6th April 2022. I have a few questions:
1. Setting up payroll today (7th May), FreeAgent showed that month 1 of payroll would be 2 days overdue. I've therefore cancelled that month as I don't want to face any penalty. Do I need to make any sort of RTI submmission for that first month, given that I've not paid any salary? Would it help at all if I mark myself as an employee from 6th May instead?
2. I was planning to pay myself £758.33 per month for 12 months (£9100), to simplify income tax and employer/employee NI. Can I simply recalculate this over 11 months - i.e. pay myself £827.27 (£9100/11) per month for the rest of the year?
Sorry, probably daft questions but this is pretty new to me...