I
The only fly in the ointment here is whether by not paying yourself the minimum wage for your hours worked you may be in breach of company legislation - I am not competent to say.
It wouldn't be a Company Law issue per sé, but an offence under the Minimum Wage Act, but that's neither here nor there anyway, as a proprietary director is an Office holder, not an employee within the meaning of the Minimum Wage legislation. (Hence they pay self employed PRSI etc...)
The only fly in the ointment here is whether by not paying yourself the minimum wage for your hours worked you may be in breach of company legislation - I am not competent to say.
In either case you are turning over so little it seems unlikely that an audit would be required, but talk to the Revenue on this.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?