Amie@Qdos
Posts: 44
Registered: 25/06/2009
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Hi Kitty, many apologies for the delay in getting back to you. We have rectified some problems on the site now which won't allow this happen again.
In answer to your query - generally, once the board agrees to distribute dividends, you must indicate the fact in the Minutes of the Board Meeting which becomes part of your company records. These records should be dated and completed before the dividend is actually paid. I would suggest dating this either on the day of the payment or before the payment is made.
Dividends, which are portions of company profit after tax and expenses, can be paid at any time you feel you have enough in profit to distribute them, therefore the date doesn’t necessary need to be last day of the month.
I hope this helps.
Kind regards
Amie |