The Basics of Dividends for Small Businesses

(See the previous two blog posts for more information on withdrawing cash from your company) The final way of withdrawing money from your company in a tax efficient manner is by paying yourself dividends as compensation rather than drawing a substantial salary.  Ideally, you will begin to draw dividends once you’ve paid yourself a salary…

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Old Fashioned Accountancy

I recently read a discussion on an accountancy website where a client asked for advice on dealing with his accountant.  The client wanted to move his records onto Xero to take advantage of the cloud computing they offer but the accountant refused citing what the client saw as flimsy and non-specific reasons.   It’s always…

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