sinbadsailor
Registered User
- Messages
- 240
Hi,
In a nutshell:
IT Contractor, limited company.
Considering a permanent IT role for a period of no more than 12 months due to do location at this present time
1. Is it OK for me to loan money to company from wages during this time (company has a cost per month to run, disregarding my wages which will now not be paid due to role change). This would I presume, be a director loan that could be paid back once I resume work for the company after 12 months
2. What are the options for taking income from the company and the permanent role? Are we talking 42% on all monies taken (invoices for freelance work). Are certain expenses claimable still as I still plan to do build company income regardless of if I can take monies or not. Can say director fees be paid?
i presume it all biols down to can I work a fulltime job, and still do extra work for my limited company and take mones for it?
In a nutshell:
IT Contractor, limited company.
Considering a permanent IT role for a period of no more than 12 months due to do location at this present time
1. Is it OK for me to loan money to company from wages during this time (company has a cost per month to run, disregarding my wages which will now not be paid due to role change). This would I presume, be a director loan that could be paid back once I resume work for the company after 12 months
2. What are the options for taking income from the company and the permanent role? Are we talking 42% on all monies taken (invoices for freelance work). Are certain expenses claimable still as I still plan to do build company income regardless of if I can take monies or not. Can say director fees be paid?
i presume it all biols down to can I work a fulltime job, and still do extra work for my limited company and take mones for it?