Home/Tag: dividends

Can I use company money to pay my personal mortgage? 

2019-10-15T10:02:32+01:00By |

We get asked lots of questions by our contractors, and this is one that comes up time and time again.  Contractors who work outside of IR35, often ask us this because they may have sums of money held in their business bank account to cover future tax liabilities. While it’s sitting there, it is earning [...]

5 ways to increase your take-home pay 

2019-10-07T14:17:40+01:00By |

One reason why people choose to become contractors is that they can have the ability to earn more than they did as an employee. This is because they can charge higher rates and if they think about how they structure their work (e.g. working through a limited company versus working through an umbrella company) they [...]

What are dividends and when can they be paid?

2019-06-04T10:33:03+01:00By |

If you’re an independent contractor who is working through your own limited company, as well as being a director, you will also likely be a shareholder. This means you are entitled to receive dividend payments on any retained profits that are held within the company. In this article, we explain in further detail what dividend [...]

Tax Planning for 2019/20

2019-10-03T15:34:00+01:00By |

For the 2019/2020 tax year, tax allowances and rate bands have increased. In this article, we demonstrate what that means to contractors in real terms, and offer our advice for trading as tax-efficiently as possible. 3 ways to trade tax-efficiently for 2019/2020 1. Use the optimum salary levels for 2019/20. There are two main scenarios [...]