I am about to file my first annual accounts. My company trades in forex and commodities and I have a couple of questions as to how I should file:
- the trading account itself
- trading losses
- trading wins
I am currently bulking up all of my monthly trades into one aggregate loss or win and but I don’t know what the correct accounting code would be - please help - much appreciated!
For the first year I am not paying out any dividends to the directors however this may become relevant during the subsequent years.
- Is paying out dividends a better option for a two person company?
- Under what situations is it likely a better option to set up PAYE accounts?
Please do let me know if any additional info is required - the deadline is at the end of the month so I feel quite stressed out.