on question for the ppl in the know

the shop has been running 18 months, its set up as a ltd company and it was mentioned it was all set up for cheaper tax he wont have to pay it or gets a reduced rate or somin along those lines

this is something we will be discussing with him and the accountant next week so at mo somewhat in the dark


soooo


whos liable for the 18 months worth of tax if theres none been paid yet? i know its all above board i just dont have a clue.

from what i can gather at the mo him and his wife take a minimum wage each week each, then at the end of the year the profits get shared between the shareholders (them)?


is this making any sence to anyone? lol

to be honest i think we will want to run it normally with books done yearly etc