Report Director use of the company’s money – Method 1

Report Director use of the company’s money – Method 1

 

Salary, wages or directors fees

directors fees
Directors or shareholders of a company can be paid a salary, wages or directors fees depending on their contract with the company.

– The company must withhold tax from the payments, make compulsory employer superannuation contributions, and report payroll information to us.
– You must report any salary, wages or directors fees you receive from the company in your individual tax return.

 

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