Hi All, Background: The company has been set up in February 2018 and took us some time to find the right premises. The lease of the premises has been transferred in September'18 and after some renovation we will start trading. One way for me to reduce accountancy cost will be to change the change ...
zimba88 - does the firm really need to make a profit before it can pay a salary to its Director. For simplicity lets assume I buy good worth £50k and sell it for £52k - I make a gross profit of £2k. My overheads are: Salary to staff £1k and Rent £1k. Net profit is £0. Can I not argue that the payme ...
