In my country, when you start a company and you are the director, the first year you do not pay social contributions, but the year after, you start paying quarterly the contributions from the previous year of salary. I am classified as part time self occupied, therefore the 15% are paid by the company as a whole,(not half/half employee/company like you see when it is an employee)
in 2018 you make a total of 20 000 Euro.
In 2019, you are required to pay (previous year * 15%) / 52
I understand that Manager has a payslip area but this is good when you pay monthly someone, how would it works in my case?
How can I add this in manager please as I am a bit confused?
I added the 20 000 as director drawings in 2018 into an equity account, and I am wondering if, on the first of January 2019, I should have added the social security contributions as a whole(15% of 20 000 Euro) and gradually credit this account each quarter from the bank account.
Would this works in manager please?