Originally posted by rollonfriday
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You get paid against your invoice.
Deduct VAT ( assuming you are registered).
Deduct your legitimate expenses.
Deduct your salary.
Deduct employers NI
Deduct any employers pension contributions.
Calculate Corporation Tax on what is left and deduct that.
Distribute whats left after CT as dividends in whatever proportion you see fit based on your share distribution.
If salary + dividends doesnt cover your living expenses either spend less or find a better paying gig.
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