T
Timmy2010
Guest
I was made director of a company along with 3 other people, where I received a monthly wage (for which no PAYE was paid!!), however I find that it was classed as a dividend and the company did not make sufficient profit to cover what I was paid.
I have since left the company but heard that the accounts are due and the money I was paid would be classed as a director's loan.
What does this mean for me? Does this mean I have to pay ALL the money back, effectively meaning I worked for nothing?
I have since left the company but heard that the accounts are due and the money I was paid would be classed as a director's loan.
What does this mean for me? Does this mean I have to pay ALL the money back, effectively meaning I worked for nothing?