Dividends Or Salary ? The same old question …
One of the most common questions that Accountants are asked by clients is… “Am I taking money from my company in the most tax efficient way?”.
If you have been in business for many years, you may recall a constant battle between proactive accountants seeking to use dividends, and HMRC trying to argue it should be salary.
Gradually over the years, HMRC gave up trying to win the argument, and simply moved the goal posts so that tax on dividends was almost the same as the tax on the salary. However, it is important to understand why that is…
We have created this one pager which explains further about the confusion between Dividends and Salary and what you should be doing and considering. Click the ‘download’ button below to read more.