dividends payments log??
Hello everybody. Sorry if this is a silly question but I hope one of our lovely MIPs could help me, please. Basically, my fiance set up a ltd company with 2 others. They pay themselves some directors salary and also dividends (every week its the same amount). They have an accountant who told them that there is a requirement to keep a log (diary?) of directors meetings when they decide how much dividends will be paid and when. Is this true or will a company bank statement be enough? If it is then what do they need to write in the log? Is there any standard wording that needs to be included? Do they need to record it every week or every month? I would really appreciate some help. Many thanks