How to get money out of a Limited Company

Since 5 April 2013 the additional rate of income tax payable on income over £150,000 is reduced from 50% to 45%. Many earners in this tax bracket receive their income as dividends.  A 40% tax payer pays an effective rate of tax on the net dividend of 25% Because of the 5% reduction mentioned above a 45% taxpayer (receiving gross income above £150,000) pays a rate of tax reduced from 36.1… Continue Reading

Why Your Company Needs a Good Business Plan

Some recent surveys have indicated that there is a correlation for small businesses between having a business plan and the profits they make. This suggests that any SME without a business plan could be losing out on potential profits. That may seem quite a surprising assessment but significantly more companies with a business plan made a profit than those companies that did not ha… Continue Reading