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Should I pay a salary or dividends?

Dividends provide an opportunity to extract profits in a tax-efficient manner. Extracting profits as dividends Dividends provide an opportunity to extract profits in a tax-efficient manner. As a rule of thumb, it is generally tax-effective to take a salary equal to the primary and secondary threshold for National Insurance purposes or the personal allowance (set […]

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A five-year overview for Tax if you run a Small Company

An overview of how the total tax paid by Limited Companies will change over the next four tax years, using the current tax year as a starting point. Following the announcement of a change in the tax-free dividend allowance in last week’s budget, our Director Chris Thomas has written an overview of how the total […]