How to account for paying dividends (UK)
Jim Hitch
jim.hitch at englishlanguageservices.co.uk
Thu Jun 12 10:54:30 EDT 2008
Hi Guncashers.
I use guncash for my business accounts. I can find plenty of stuff in the
archive about getting dividends and putting them into personal accounts, but
can't find anything about paying them.
I pay them to myself, but don't know how to account for them. I know that they
shouldn't go into expenses, because they are paid from a presumed profit
(presumed in the sense that they are paid before EOY), and that I'm going to
need to put in a Corporation Tax liability... but can't quite get my head
around how to sort it out.
Thanks in advance.
Jim
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