Ltd company advice

[dave1]

Hi there can't reach my accountant any my year end is near.

Last years accounts I had drawn to much on dividends so they moved £2000 over onto this financial year they have told me that the £2000 needs to be sat in the account at the point of the year end. What happens to the money that's sat there when my new financial year starts can it be spent. Thanks

 

[Iron Giant]

@Part Timer is your man

 

[Part Timer]

Hi there can't reach my accountant any my year end is near.

Last years accounts I had drawn to much on dividends so they moved £2000 over onto this financial year they have told me that the £2000 needs to be sat in the account at the point of the year end. What happens to the money that's sat there when my new financial year starts can it be spent. Thanks

@Part Timer is your man

I would think it could be but I'd advise waiting till you get their advice. What I don't understand is how did you draw to much on dividends.