My business account closing date is 31/5/2014, on 30/11/2014 my ledger show that i had director fee on that financial year but untill now i not receive the money yet. Can i know when i need to pay for income tax?
Depending on corp structure it can either be reclassed as a dividend or payroll....if you have accountants and have already filed your return this was likely already addressed and reported on your ind return. Is there anymore info you can provide?
My business account closing date is 31/5/2014, on 30/11/2014 my ledger show that i had director fee on that financial year but untill now i not receive the money yet. Can i know when i need to pay for income tax?
Hi! Came across your post just now. I guess you need to have someone take a look at the corp structure and see what needs to be done. Try out Schulz Hobbs, they are pretty good accountants in Adelaide. Good Luck!
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