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Search results: 8 article(s) found in topic: Dividends - keyword: Illegal dividends

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PROFIT EXTRACTION

Can a dividend ever be too high?

When you started your company you took a small salary plus dividends. Your accountant now says because the company’s profits weren’t sufficient some of them were illegal and you might have to pay tax on them. Is he correct? More...

PROFIT EXTRACTION

When can a new company pay dividends?

As a general rule, dividends are the most tax efficient way to get income out of your company. But these can only be paid where you’re making a profit. So what will the Taxman say if you pay dividends from a loss-making company? More...

PROFIT EXTRACTION

New year, new strategy

You will already be aware of the benefits of taking an annual dividend in lieu of a bonus from your company, perhaps to cover the cost of Christmas. However, how often can you legitimately take a dividend? More...

PROFIT EXTRACTION

Dividend waiver II

If you share a company with your partner but don’t need to take a dividend does this mean they can take out your share of the profit instead? Or will this create problems with the Taxman? More...

PROFIT EXTRACTION

Time to increase dividends?

For 2007/8, personal allowances are up, the lower rate income tax limit has been extended and NI thresholds raised. Nothing new in that, however, this all has an impact on the dividends you take from your company. Read on. More...

PROFIT EXTRACTION

The right date for a dividend

The Taxman may challenge dividends not properly declared and paid in accordance with company law formalities. However, there is a way to sidestep most of his arguments. So what do you need to do? More...

TAX TITBITS

A rap across the knuckles

PROFIT EXTRACTION

Due and payable date for dividends

The Taxman may challenge dividends not properly declared and paid in accordance with company law formalities. However, there are ways to sidestep most of his current arguments. What are these? More...
Last updated: 16.10.2018

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