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Extracting profits from a business

What are the tax implications? People run businesses for a variety of reasons from passion to pride, but making a living is high up the list for most people. How do you go about drawing profit from your business, and doing so efficiently? If your business operates as a partnership or sole trader, the profits […]

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Salary or Dividend?

What combination of salary and dividend should you take in 2017/18?   As the owner and director of your own company, you can choose how and when to extract funds from your company. As almost all the funds you take out will create a tax charge in your hands, you may want to leave a […]

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