• Dividends

    Dividend 'traps'

    A shareholder/ director is permitted to withdraw monies from the company’s bank account as salary, bonus or dividend (or possibly a loan'). However, there are set rules that need followed with regard to dividends and it is easy to fall into a 'trap' if those rules are not followed.

  • Dividends

    Should you pay a dividend before 6 April 2022?

    If you operate your business through a personal or family company and extract profits in the form of dividends, it is prudent to review your dividend policy to determine whether it would be beneficial to pay a further dividend before the end of the 2021/22 tax year on 5 April 2022.