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I am also in a similar situation. I asked my accountant. He said when preparing the management of account statement, the earnings period of the limited company start from the date money transferred to business account.jndahmad wrote:Hello All,
I will be very thankful if somebody answer my question.
When calculating previous 12 months earning with limited company, my question is regarding dividends.
Does home office look into transaction dates in company account or just dividend taken date?
Further explanation of above question:
Example: Dividend transfer date to personal account from business account is 15/01/2014, that dividend is taken because of previous 3 months transactions in business account.
if I select previous 12 months start 01/01/2014 to 01/12/2014. Can that dividend be added into earnings? considering transaction taken place in 2013.
Thanks in advance.
Junaid