January is here and with that the same question we get asked every year from business owners: “Can I put my gym membership through the company?” A quick Google search will give you completely different answers — some saying it’s not allowed at all, others claiming it can be a tax-deductible job perk. Let’s have
Tag Archives: dividend tax
Allowable Limited Company Expenses, Director’s Pay vs Dividends, Tax Planning & Saving Tips, Year-End Preparation Tips
Salary, dividends or both? What you need to know about directors’ loans
If you run a limited company, one of the biggest perks is the flexibility in how you pay yourself. But with that flexibility comes confusion. Should you take a salary, dividends… or a bit of both? And what’s this “director’s loan account” everyone keeps talking about? Let’s break it down in plain English (with no
Changes to Tax Rates & Thresholds, Director’s Pay vs Dividends, HMRC Updates & Changes, Self-Assessment/ Personal Tax
Dividend tax: what is it and how does it impact your business?
As a limited company owner, you’ll most likely pay yourself using a combination of salary and dividends. While it’s often the most tax-efficient way to withdraw money, be careful! Dividends have different tax rules compared to a normal salary. Don’t worry – we’re going to walk through what they mean for your business and how