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Liam Woodpecker
December 31, 2020

Register income as a sole trader

  • December 31, 2020
  • 1 reply
  • 1 view

I'm not sure how to allocate my income (taking wage) as a sole trader.. I've been selecting owner withdraw. Is that right? 

    1 reply

    P
    payment after leaving
    Level 10
    January 4, 2021

    Hi Liam We're not accountants and we recommend that any advise that we give should be qualified by a professional. The amounts that you withdraw as wages can be allocated as owner withdrawal.

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