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noob
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Revenue income below 35k - does it make sense to pay dividends?
Hello guys, another rookie question. I expect to make just over 30k revenue as wasnt working all year because reasons. It's my first year as ltd contractor so correct me if I'm wrong. Does it make sense to declare dividends if I can only draw them after paying 19% corporation tax and then 7.5...- AlexKol
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- moron noob rookie
- Replies: 4
- Forum: Accounting / Legal
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Using directors loan as cash advance for unpaid salary to reduce corporation tax?
Hello guys I made a beginner's mistake! Didn't realise that my ltd company financial year comes to the end today, it's only my first year of operation most of which company was dormant anyway. I thought i had time till end of March and still had time to soet things out! During first months I...- AlexKol
- Thread
- beginner loan mistake noob tax
- Replies: 7
- Forum: Accounting / Legal
