Hello Guys, going to apply for extension in few days, need to know few things please guide :
Actually we are 2 team members and we took out the £3500 each salary in second year and £6000 each in 3rd year while we had loss in second year about £5500 after deducting the directors salary of £7000 (£3500 each)
and in the 3rd year we had £1000 net profit after deducting the £12000 directors salary (£6000 each for whole year). My question are :-
1. Do we need to show extra £7000 director investment as we took out the salary in second year while we had loss in that year.
2. We both have 1 seprate client so we earned some income as self employed in same business. Do we need to send our self assessment return and mention about our self employment.
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