How to extract more money from your company and save on tax
Many small business owners know that the only three legitimate ways of extracting money from a company are: 1. Salary 2. Dividends 3. Loan However, the above three ways, while being tax efficient, are not exactly tax-free! If your salary exceeds your personal tax-free allowance (currently set at £12,500), then you will have to pay Income Tax and National Insurance. If you pay yourself more than 2K of dividends per… Read More »How to extract more money from your company and save on tax