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Recent content by SheLtd
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Taking Dividends over future years from prior profits
How do you know if you'd qualify for ER? How do you know if you'd qualify for ER? How do you know if you would qualify for ER? is it possible you could assume you will qualify, liquidate the company, appkly through SA for ER and then get rejected and face an exceedingly large tax bill? Can...- SheLtd
- Post #32
- Forum: Accounting / Legal
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Taking Dividends over future years from prior profits
The trading Income total over 4 years is approx £760k (or around £190kpa) all VAT, expenses & Corporation tax have been paid. Effectively the £400k is sitting in the company bank account accrued from retianed profits over 4 years. The comopany is now in irw 5th year of trading. Of the £400k...- SheLtd
- Post #30
- Forum: Accounting / Legal
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Taking Dividends over future years from prior profits
Please clarify? Please clarify? Why would I not qualify for ER just because there is £400k remaining in the company. I thought the ER threshold is £1m=?- SheLtd
- Post #5
- Forum: Accounting / Legal
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Taking Dividends over future years from prior profits
I have managed to accummulate £400k profit in my business over a number of years even after taking-out a small salary and the maximum dividends each year to minimize tax. And having paid all valid VAT and Corp tax. I am approaching a stage in my career whereby I do not want to carry-on workimg...- SheLtd
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- Replies: 34
- Forum: Accounting / Legal
