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Limited Company


Posts: 2
Registered
Topic starter
(@muhammad99)
New Member
Joined: 2 years ago

I have set up a ltd company.

 

I work 24 hours a week and my business account gets paid via umbrella co after they have taken their share.

 

If I dont take any wages and just use the businees to buy costs, do i have to inform cms.

 

Will this benefit me and how long can i do it for ?

 

 

thanks

 

 

1 Reply
Posts: 5384
(@dadmod2)
Illustrious Member
Joined: 6 years ago

Hi, CMS would expect that your receiving some kind of income from it. Better to inform them about it.

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