T
thebullmc
Guest
Hello to anyone taking the tme to read this,and thanks in advance.
I have worked in a family business for 12 years, full time. The business has been sold, and is closing in 3 weeks. So in 3 weeks i will be out of work, out of income.
Mean while, I have been givin a small share in a new company, and as a director of this company, I wont see any money for 12 months....and since its a new company, there wont be anything in it for 12 months anyway.
Basically, due to the new company, i am the benificery of a large debt, as I will have to wait 12 months, before i can draw my dividend, if any from the company.
What do I do mean while? Is my status "unemployed" or "employed"?
Will the tax office refuse to give me back my stamps, due to this new company, even though it has yet to turn a profit?
Thank you for your time.
I have worked in a family business for 12 years, full time. The business has been sold, and is closing in 3 weeks. So in 3 weeks i will be out of work, out of income.
Mean while, I have been givin a small share in a new company, and as a director of this company, I wont see any money for 12 months....and since its a new company, there wont be anything in it for 12 months anyway.
Basically, due to the new company, i am the benificery of a large debt, as I will have to wait 12 months, before i can draw my dividend, if any from the company.
What do I do mean while? Is my status "unemployed" or "employed"?
Will the tax office refuse to give me back my stamps, due to this new company, even though it has yet to turn a profit?
Thank you for your time.