http://tips.hrbs.biz Tips and hints for new and growing businesses from HRBS ~ fixed fee pro-active accountants and business advisors Fri, 03 Feb 2012 08:11:42 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://tips.hrbs.biz/limited-company/how-to-form-a-limited-company/ http://tips.hrbs.biz/limited-company/how-to-form-a-limited-company/#comments Wed, 31 Oct 2007 23:00:37 +0000 Keith http://tips.hrbs.biz/index.php/2007/07/05/how-to-form-a-limited-company/ http://tips.hrbs.biz/limited-company/how-to-form-a-limited-company/feed/ 0 http://tips.hrbs.biz/limited-company/maximise-use-of-your-basic-rate-tax-band/ http://tips.hrbs.biz/limited-company/maximise-use-of-your-basic-rate-tax-band/#comments Wed, 11 Jul 2007 23:00:51 +0000 Keith http://tips.hrbs.biz/index.php/limited-company/maximise-use-of-your-basic-rate-tax-band/ http://tips.hrbs.biz/limited-company/maximise-use-of-your-basic-rate-tax-band/feed/ 0 http://tips.hrbs.biz/limited-company/a-quick-guide-for-your-new-limited-company/ http://tips.hrbs.biz/limited-company/a-quick-guide-for-your-new-limited-company/#comments Wed, 04 Jul 2007 23:00:45 +0000 Keith http://tips.hrbs.biz/index.php/2007/07/05/a-quick-guide-for-your-new-limited-company/ Getting at your profits Profit extraction can be a mix of wage (ie under PAYE) and dividend. In order to pay a dividend the company must have sufficient after tax profits. ie for a £10k dividend to be paid the company must have approx £12.7k pre tax profits (corp tax rate of 21%). Do not be tempted to withdraw more than this as dividend, as it would be "illegal" and HMRC may class it as a salary or a loan to the director (taxable benefit in kind if over £5k) and charge tax & NIC. ]]> http://tips.hrbs.biz/limited-company/a-quick-guide-for-your-new-limited-company/feed/ 0