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Employees and Employers NI Contributions

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    #21
    Originally posted by Waldorf
    It isn't rocket science for your accountant to work out the profit each month, mine does (nixon's) and provided you have profit you can take dividends whenever you wish.
    Working out profit isnt hard. Its what the business is left with after it has taken expenses and salary out i would imagine.

    If then you pay corp tax out of that profit then there shouldnt be a problem taking the rest as a dividend......
    After all it is my hard earned money!

    All im interested in is making as much money as i can as unlike alot of other contractors here, this is my first gig and im only 26 so i need to buy a descent car, a house and pay my stupid student loan off and therefore need all the money i can.
    Keep it clean!!!

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      #22
      If you buy any capital items then it is possible for remaining cash to be less than profit meaning more must be kept back for corp tax.

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        #23
        What type of capital items ?
        Keep it clean!!!

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          #24
          Anything that cannot be depreciated fully within the first year.

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