Recent content by Matt21

  1. M

    Valid representation vs unanimity

    Thanks @The Byre, @Chris Ashdown. Answering @Chris Ashdown 's question: Legally I don't know (I'm not that familiar with the model articles, and it's quite hard to digest). I know in practice I would run a large purchase by them first. Whereas if it was some small software subscription, less...
  2. M

    Valid representation vs unanimity

    Hi, I'm one of three directors of a UK limited, set up in 2014, with the model articles of association. I've just moved to Germany, and today my tax advisor has asked me the following question: "Can each of you validly represent the Ltd. on his own towards third parties or do decisions...
  3. M

    Paying a director in Germany

    Hi all, Short run-down of situation: Limited UK company with three shareholders (equal shares). Produces software typically sold through app-stores with revenue going into UK accounts appropriately (and thus taxed there). All directors work from home due to the nature of the product. Directors...
  4. M

    Is this director's loan or expenses?

    Fantastic response. Best of days to you.
  5. M

    Is this director's loan or expenses?

    Simple scenario: my co-director has been paying a monthly fee for the company's insurance since July. He wants to take money from the company this cost that he is incurring on behalf of the business. What's the correct way to deal with this? My guess is that it is expenses but I have a small...
  6. M

    Finally received a payment - making sure accounts look correct

    Wasn't sure where to put this rather general question, but since we're a start-up, hopefully this will be a suitable section of the forum. We are a software company - three directors with equal shares. One full time, two part time since January 2014. Main product takes a long time to develop...
  7. M

    Director payment from a company with low- and irregular-income

    That's a great set of instructions. Thank you James. I've been totally convinced that PAYE is the way to go. I'll probably be back one day with more questions ;) Thanks again.
  8. M

    Director payment from a company with low- and irregular-income

    All directors and shareholders with equal shares. Colleague is one of the directors.
  9. M

    Director payment from a company with low- and irregular-income

    This clarity is greatly appreciated. Having never used PAYE before, can you confirm that it is possible to do a one-off payment of £4.5K to each of us (myself and one co-director)? Also, to rephrase an earlier question of curiosity regarding the definition of "taxable profit": if at the end...
  10. M

    Director payment from a company with low- and irregular-income

    Regarding the second part, let's say I went through PAYE. I don't know what scope there is with PAYE... could I effectively pay out all of the money in one go, marking that it covered three months of work? And then is it possible to just stop the payments. My fears with the PAYE route were: It...
  11. M

    Director payment from a company with low- and irregular-income

    I understand this, but I could potentially invoice you (an undeniably separate entity) for work that I have done for you. And so I can't see why I cannot also invoice the company in a similar way. I'll come back to your second paragraph shortly.
  12. M

    Director payment from a company with low- and irregular-income

    Hi all, Early last year I set up a Limited company with two students I've known for years. The company creates software, in particular we are making a computer game, but on the side we advertise ourselves for creating educational software. For much of 2014 we were dormant, part-time-studying...
See more
Top Bottom
Community
Articles
Menu