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Salary / Bonus Query

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    #11
    Originally posted by Master View Post

    So Dividend is a no.
    Consider what your income will be next and subsequent years. If you have turnover that would put you in the higher tax bracket each year, then unless you are amassing reserves in the company for a future capital distribution, it would make sense to take a dividend in this tax year thus utilising your wife's allowances, as at some stage you will have to pay higher rate tax yourself anyway.

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      #12
      Originally posted by Old Greg View Post
      QDOS is not a cheap service. Wouldn't it be more sensible for the poster to post any IR35 queries here until he's up and running?
      It would be cheaper but not necessarily more sensible.

      Actually it could prove much more expensive in the long run.
      "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
      - Voltaire/Benjamin Franklin/Anne Frank...

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