Hi Guys,
Looking for some guidance from fellow contractors and none of the 'Ask Your Accountant', i will have around £80k in the business bank after corporation tax this year with everything that is going on with contractors will i be better to take the hit on Personal tax and draw some of that profit down or retain it in there for the following year ?
I don't need any of it ATM but just caution with all these changes that are happening i don't want to be in a situation in a year where it's going to cost me alot more than just personal tax to get it out.
Cheers Guys
Looking for some guidance from fellow contractors and none of the 'Ask Your Accountant', i will have around £80k in the business bank after corporation tax this year with everything that is going on with contractors will i be better to take the hit on Personal tax and draw some of that profit down or retain it in there for the following year ?
I don't need any of it ATM but just caution with all these changes that are happening i don't want to be in a situation in a year where it's going to cost me alot more than just personal tax to get it out.
Cheers Guys
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