ICAEW_CharteredAccountants_BLK_RGB[1].pn
  • LinkedIn
  • Facebook
  • Twitter

+44 (0)7584 621625

hello@janesaccounting.co.uk

Forward Thinking Chartered Accountants

  • Home

  • Services

  • Contact

  • Blog

  • COVID-19

  • About Us

  • More

    Use tab to navigate through the menu items.
    • March 2022 (2) 2 posts
    • February 2022 (2) 2 posts
    • January 2022 (1) 1 post
    • December 2021 (1) 1 post
    • October 2021 (1) 1 post
    • September 2021 (4) 4 posts
    • July 2021 (6) 6 posts
    • June 2021 (3) 3 posts
    • May 2021 (4) 4 posts
    • April 2021 (5) 5 posts
    • March 2021 (8) 8 posts
    • February 2021 (1) 1 post
    • All Posts
    • Self Employed
    • Making Tax Digital
    • Limited company
    • Income Tax
    • Individuals
    • National Insurance
    • Pensions
    • Employment
    • Landlords
    • Capital Gains Tax
    • VAT
    Search
    Take dividends while you can
    Jane Wu LLB ACA
    • 2 min

    Take dividends while you can

    For personal and family companies, a tax efficient strategy for extracting profits is to take a small salary and to extract any further funds needed outside the company in the form of dividends (see https://www.janesaccounting.co.uk/post/tax-optimal-salary-for-2021-22). However, while there are no restrictions on taking a salary if the company is making a loss, the same is not true of dividends. Do you have retained profits? Dividends can only be paid out of retained profits
    9 views0 comments
    2 Silver Partner badge.jpg
    xero-payroll-certified-badge.png
    1-badge-online-large.png
    Privacy Statement | Terms & Conditions | Our Values