Results and Dividends

aindriu80

hi,

Is the profit/loss for a company zero after I paid myself a wage, sent off the tax and claimed for expenses ?

thanks

barneystinson

aindriu80 wrote: »

hi,

Is the profit/loss for a company zero after I paid myself a wage, sent off the tax and claimed for expenses ?

thanks

Ah, you're back I see!

Still as determined as ever not to have to pay to have your accounts prepared by a professional?!

The correct answer to the question you've posed is... maybe, it depends.

aindriu80

Lol, Yes I'm back and got all changes updated since the 2014 act.

It's a good enough answer, there wasn't a lot of money going through so I will have to put down zero dividend

Thanks

power101

aindriu80 wrote: »

hi,

Is the profit/loss for a company zero after I paid myself a wage, sent off the tax and claimed for expenses ?

thanks

It could be a loss, a 0 result or a profit. Without any numbers to work with or the details it is impossible to answer properly. Are the expenses allowable? Was the personal tax paid through the company?

aindriu80

Yes I checked to make sure expenses were allowable, I paid the tax via ROS.