Shareholder to withdraw more dividends
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  1. #21

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    Quote Originally Posted by eek View Post
    Nice to see that NAT hasn't lost his inability to perform simple tasks....
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  2. #22

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    Quote Originally Posted by northernladuk View Post
    All fur coat and no knickers.
    Ahhhh so thats why you get away with so much, you have the photos
    ôLive a good life. If there are gods and they are just, then they will not care how devout you have been, but will welcome you based on the virtues you have lived by. If there are gods, but unjust, then you should not want to worship them. If there are no gods, then you will be gone, but will have lived a noble life that will live on in the memories of your loved ones.ö

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  3. #23

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    Quote Originally Posted by SimonMac View Post
    Dewey, Cheatem & Howe
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    I needed extra money for a mortgage deposit last year.

    The scheme I came up with was to take an extra dividend and pay higher rate tax on it.

    Crazy I know.

  5. #25
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    Quote Originally Posted by TheCyclingProgrammer View Post
    I needed extra money for a mortgage deposit last year.

    The scheme I came up with was to take an extra dividend and pay higher rate tax on it.

    Crazy I know.
    YANCOTBAC

  6. #26

    Should post faster

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    Looks like a sockie

    Shows over................back to work

  7. #27

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    Quote Originally Posted by Sophieuk View Post
    Hi all,

    I have been contracting for couple of years. I am looking to buy my house and am in need of more cash for my deposit. My accountant advised me to consider making a (non working) friend as my shareholder. I am single so I dont have an option to make my spouse a shareholder.

    My friend can withdraw dividends from my company as a shareholder and give that money to me as gift. Is this a safe approach ? Will I get myself in trouble with HMRC ??

    Any guidance on this topic will be much appreciated. Thanks.

    Regards,
    Sophie
    LOL! Seriously, you are considering this 'advice'?

    Would you let a friend have full access to your bank account as well?
    I couldn't give two fornicators! Yes, really!

  8. #28

    Respect my authoritah!

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    --drunk on abuse of power--

  9. #29

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    This may be of some use :


    https://www.gov.uk/directors-loans/overview


    far safer than some dodgy dividend scheme.

    either borrow for a limited time (9 months) or pay the official rate 3.25% to YOUR company, not its not as cheap as a mortgage but you may well get some of it back.

    fire your accountant or at least talk to a professional and ask them to explain why the Vein on NLUK's forehead is throbbing.
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

    I want to see the hand of history on his collar.

  10. #30

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    Hi SockieUK

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