Recent content by LTDcompanier

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    Bounce back loan

    If you take this out for a LTD company, does it go into the LTD company business bank account? Do you pay corporate tax on the money when it comes in (is it income)? Can you use the money from the loan to pay yourself as a director and employee of the LTD company (in salary or wages)? Thanks
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    Bounce back loan

    Sorry to be dense, but if I, as a LTD company director apply for this, do I have to pay tax on it if I take it out of the business? Say I borrowed £10,000, will I pay corporate tax when it arrives in my account? Could I use it to pay myself a salary or dividend? Or could I, as a LTD Company...
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    LTD Company Director Claiming SSP?

    So it can't be claimed from the government yet? If I went off sick tomorrow, I wouldn't get any money yet?
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    Employed by my own company advice

    I can't post links, sorry, not been here long enough. It was from the BBC website.
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    LTD Company Director Claiming SSP?

    Can a limited company director who is also employed by the company claim SSP? If so, does anyone know how? The website didn't make sense to me so any help much appreciated. Thanks!
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    Employed by my own company advice

    From the BBC: Those who pay themselves a salary and dividends through their own company are not covered by the scheme but will have 80% of their salary covered by the Coronavirus Job Retention Scheme if operating through PAYE.
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    Has Mike Ashley Sports Direct done a Ratner

    Didn't Ratner say his products were crap? Then no one wanted to buy them. Where as Ashley is just being a bit crap. His products are still "good".
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    Where’s help for real self employed people ???

    True. The self employed plumber needs to buy the van, tools, pay for marketing etc.
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    Sole Trader Vs Ltd Company - change of advice?

    Yes I am. But I am wondering if I would've been better off doing the self-assessment thing and not becoming a LTD company. But it looks like those who went down the LTD company route and took the tax efficient salary of £8k are being better looked after than those who are sole traders - which...
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    Staff do not want to come in

    When does the 80% start coming into the bank accounts of the businesses? How long you wait before the system goes live?
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    Furloughed Workers

    So the staff have to be not working and sent home? What about an estate agents for example. The new business has dried up and there's no money coming in so you can't pay them. But you want the staff in the office so they can try and drum up new business, such as phoning previous contacts...
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    Sole Trader Vs Ltd Company - change of advice?

    So nothing for sole traders yet?
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    Sole Trader Vs Ltd Company - change of advice?

    Thanks. So a Sole Trader would get 80% of their full month's salary? But that hasn't been announced yet and will come on Monday?
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    Coronavirus relief - where do I fit in?

    What if you rent and/or can't live off of UC, which is about £100 a week?
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    Sole Trader Vs Ltd Company - change of advice?

    Are people who went down the LTD company route any better off, under the measures announced so far, than sole traders? Will a LTD company director, who is also the sole employee of their company, who takes a tax efficient salary of £8600 a year (plus dividends) get any help from the measures...
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