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I hear you. Problem 1 when you run a business is generating a good profit. Problem 2 is how the heck do you take 'a good profit' out of the business without paying an obscene amount of CT / IT.
R
Hi all,
Here's my scenario:
* Standard Limited Company
* 1 x Director (me)
* PAYE Salary (to me) of c £6K a year
* Annual *pre tax* profits c £800K
* Dividends (to me) of c £35K a year
Now that the business is starting to generate a decent profit, i'm really keen to understand what...
Hi all,
Apologies if this has already been posted elsewhere but I can't seem to find the right answers :|
Anyway, I'd REAALY appreciate it if someone could let me know the following:
For Tax Year 2010 - 2011 (i.e the one that's about 2 weeks from closing):
* The minimum PAYE salary...
Hi Elaine.
This was an awesome post. But (and here's the big BUT), this information relates to TY 2011 / 2012. Do you have an equivalent blog for the current tax year (i.e 2010 / 2011).
Specifically, I'd like to know:
* How much I can pay as Salary without Income Tax, Employee's or...