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Results and Dividends

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  • 25-11-2015 11:19pm
    #1
    aindriu80
    Registered Users Posts: 1,968 ✭✭✭


    hi,

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

    thanks


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    #2
    barneystinson
    Registered Users Posts: 4,683 ✭✭✭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.


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    #3
    aindriu80
    Registered Users Posts: 1,968 ✭✭✭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


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    #4
    power101
    Registered Users Posts: 300 ✭✭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?


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    #5
    aindriu80
    Registered Users Posts: 1,968 ✭✭✭aindriu80


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


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