Dividends

Your company will hopefully make a profit, after you have paid yourself a salary, met all of your expenses and paid corporation tax for the year.

The company may then distribute that profit to you as a dividend - but you do have to do the paperwork, and remember that you must gross the dividend up for the 10% tax credit when declaring it on your Income Tax Return.

We have a small spreadsheet
here which will generate the required minutes and dividend vouchers for you - so please download it, hold a board meeting, and fill in the boxes, print out the vouchers and minutes and sign them each time you declare a dividend.