Hi there, I started contracingt just about 7 months ago, and have a question about dividends.
I have taken about 2/3 of lower % dividents out, but have money in my bank account saved up for tax, just thinking is it worth taking that money out as dividents, as tax doesn't need to be paid for a while and can pay that off from future invoices, so I can still use up smaller % this tax year? Sounds very confusing, but this is my first year, so still trying to get my head around.
Thank you
I have taken about 2/3 of lower % dividents out, but have money in my bank account saved up for tax, just thinking is it worth taking that money out as dividents, as tax doesn't need to be paid for a while and can pay that off from future invoices, so I can still use up smaller % this tax year? Sounds very confusing, but this is my first year, so still trying to get my head around.
Thank you
Comment