When you make a dividend payment from your limited company you need to ensure that you’ve sufficient funds available to do so. Otherwise the dividend could be “illegal” which could cause a number of issues later down the track. How to work out your dividend To establish if you can pay a dividend and how much you can take there are some very simple rules to … [Read more...]
Getting your Dividends Timing Right
Around this time of year some may be thinking of making a final dividend declaration before the end of the tax year. However getting your timing right on your dividend declaration is very important; being out by just a couple of days could be a very costly mistake to make. Some seem to make the mistake of thinking that the new tax year starts on 1st April rather than 6th; … [Read more...]