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Left over in business accounts?
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firehawk_2
Posts: 148 Forumite
i have an accountant that charges alot for doing basically nothing... aside from the tax returns and PAYE/NIC stuff.
I am a contractor, have my own LTD company and just me employed.
I believe I have a few quid left over in my business bank account. Given the current financial situation, I want to see if I have left "extra" money in the account that I can take?
basically, I charge a fix rate/day for work. Then after that, I take a %age of that (ex tax) for my wage. The %age left, is in the business account for expenses, PAYE/NIC. The tax of course is seperate - for the taxman.
Sometimes I am cautious and I leave a few quid extra just in case. This is my coming into 2nd year of my company running.... and wondering if there is a way to determine if I have left some %age extra in the business account that I can transfer over?
how can I check this? is there a way? I just want to play safe - thats all.
I am a contractor, have my own LTD company and just me employed.
I believe I have a few quid left over in my business bank account. Given the current financial situation, I want to see if I have left "extra" money in the account that I can take?
basically, I charge a fix rate/day for work. Then after that, I take a %age of that (ex tax) for my wage. The %age left, is in the business account for expenses, PAYE/NIC. The tax of course is seperate - for the taxman.
Sometimes I am cautious and I leave a few quid extra just in case. This is my coming into 2nd year of my company running.... and wondering if there is a way to determine if I have left some %age extra in the business account that I can transfer over?
how can I check this? is there a way? I just want to play safe - thats all.
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