Expert accountancy and bookkeeping services for small Limited Companies

Many limited company owners take money from their company using a mixture of salary and dividends. This can be tax efficient, but only if it is done properly. Salary and dividends are not the same thing. They are taxed differently, reported differently, and have different rules. For small limited company owners, understanding the difference is essential. A limited company owner often has two roles If you own and run a limited company, you may have two separate roles. You may

Dividends can be a tax-efficient way to take money from a limited company, but they are not as simple as many business owners think. A dividend must be legal, properly approved, correctly recorded and reported in the right tax year. If it is not handled correctly, it can create problems with HMRC, Companies House records, director’s loan accounts and personal tax returns. In this guide, we explain: what a dividend is; the difference between interim and final dividends; who ca