Limited Company (monthly cash withdrawals as a Dividend)

[Spatacus]

Hello Guys,

I need a favor from someone who has been in the same shoe with me.
My Tier 1 General Extension is coming up by Dec 2012.

I am a Director of a Limited Company with 100% share. I have been using my company to run some contracts since Nov 2011. And since then i have been withdrawing cash from my limited company business account every month.

Can i use the cash withdrawn as a dividend after expenditure has been taken off from the account?

I have a second job where i earn monthly salary of up to £26,000(gross) before tax. I needed just only £6,000 from my Limited Company Business Account to make up with my monthly salary from my normal job (£32,000-£34,000 for 35points)

My questions are:

1) can i use the cash withdrawals as my Dividend for the Tire1 G renewal?
2) since i am not transferring or paying myself quarterly as per Dividend
3) can an accountant be able to convert my monthly cash withdrawals as Dividend?
4) Can HO accept this?

Your positive response is highly appreciated.
Thanks

[Spatacus]

Hello Guys,

I need a favor from someone who has been in the same shoe with me.
My Tier 1 General Extension is coming up by Dec 2012.

I am a Director of a Limited Company with 100% share. I have been using my company to run some contracts since Nov 2011. And since then i have been withdrawing cash from my limited company business account every month.

Can i use the cash withdrawn as a dividend after expenditure has been taken off from the account?

I have a second job where i earn monthly salary of up to £26,000(gross) before tax. I needed just only £6,000 from my Limited Company Business Account to make up with my monthly salary from my normal job (£32,000-£34,000 for 35points)

My questions are:

1) can i use the cash withdrawals as my Dividend for the Tire1 G renewal?
2) since i am not transferring or paying myself quarterly as per Dividend
3) can an accountant be able to convert my monthly cash withdrawals as Dividend?
4) Can HO accept this?

Your positive response is highly appreciated.
Thanks you

Any suggestions on my questions above????
Anyone with similar situation?
Your valuable advise is highly needed.
Cheers

[Spatacus]

Hello Guys,

I need a favor from someone who has been in the same shoe with me.
My Tier 1 General Extension is coming up by Dec 2012.

[Company A]. I am a Director of a Limited Company with 100% share. I have been using my company to run some contracts since Nov 2011. And since then i have been withdrawing cash from my limited company business account every month. Can i use the cash withdrawn as a dividend after expenditure has been taken off from the account?

[Company B]. I have a second job where i earn monthly salary of up to £26,000(gross) per anuum before tax.

I needed just only £6,000 from [Company A] my Limited Company Business Account to make up with my monthly salary from my normal job [Company B]

{company A}......£6,000 Dividend withdrawn as cash on a monthly basis
{company B}......£26,000 monthly salary with payslips.

""""Required salary range """(£32,000-£34,000 for 35points)

My questions are:

1) can i use the cash withdrawals as my Dividend for the Tire1 G extension?
2) since i am not transferring or paying myself quarterly as per Dividend
3) can an accountant be able to convert my monthly cash withdrawals as Dividend?
4) Can HO accept this?

Your positive response is highly appreciated.
Thank you

Any suggestions on my questions above????
Anyone with similar situation?
Your valuable advise is highly needed.
Cheers