By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyse site usage, and assist in our marketing efforts
Essential
These cookies enable our website and App to remember things such as your region or country, language, accessibility options and your preferences and settings.
Analytics
Analytic cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously.
Marketing
Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.
For the final capital distribution, which of the following categories do I put this under in freeagent:
‘Sales Refund’
‘Payment’
‘Bill Payment’
‘Transfer to Another Account’
‘Money Paid to User’
‘Purchase of Capital Asset’
‘Purchase of Stock’
‘Credit Note Refund’
1) I own the company, individual, no couple.
2) No redundancy as I was working as a contractor and was given 1 months notice as agreed in the contract.
Therefore if I transfer the amount into personal account under 'capital distribution' am I due to be taxed? I have to submit my tax returns for...
Will try to keep it short, but provide as much info as possible.
I have a Limited company which has a business account. The balance in the business account is £4,500 (cash profits left over after taxed in previous years) which came from contracted jobs I have done in the past, but I have had no...