I own a Micro Entity company which makes around £2,000 - £3,000 profit per year. I'm the only employee in the company. I wish to start taking what you could call a salary each month of £100 - £200, just to help me out financially. With this being such a small company with only 1 person involved, is it right to just take the money or does it still need declaring?
I'm new to this so I want to make sure I'm doing things correctly.