Hello,
For last 6 months I have just paid myself a reasonable salary and left the rest in the company, I now want to pay myself what I left in the company as a bonus not dividends as if I fail IR35.
Thing is my company year just ended and I had a fair amount of cash in the business account which would be seen as profit. Have I f8cked up in that I am going to end up paying CT on the profit and then tax again when I take it as a bonus ? If I had taken the bonus before the company year end would I have avoided the CT on it as it would not been ssen as a profit and I would have only been hit with the usual employee/r NI and tax when I took the bonus ?
For last 6 months I have just paid myself a reasonable salary and left the rest in the company, I now want to pay myself what I left in the company as a bonus not dividends as if I fail IR35.
Thing is my company year just ended and I had a fair amount of cash in the business account which would be seen as profit. Have I f8cked up in that I am going to end up paying CT on the profit and then tax again when I take it as a bonus ? If I had taken the bonus before the company year end would I have avoided the CT on it as it would not been ssen as a profit and I would have only been hit with the usual employee/r NI and tax when I took the bonus ?
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