Indicator - FL Memo
Telephone: (01233) 653500. Fax: (01233) 647100 customer.services@indicator-flm.co.uk - www.indicator-flm.co.uk
Calgarth House, 39-41 Bank Street, Ashford, Kent TN23 1DQ VAT GB 726 598 394. Registered in England. Company Registration No. 3599719
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[loyalty_agent] => Gemma Rump
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[city] => Ashford
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[loyalty_time] => <strong>Contact online support for any issues relating to the use of this online solution</strong>, for example logging in, using the search facility, understanding how the resources differ, how to save content, etc. <br />
If you have a <strong>technical question</strong> about <strong>content</strong>, please contact our <strong>dedicated Helpline</strong>.<br />
Mariam, your online support, can be <strong>contacted during normal business hours</strong>:
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Search - Tips & Advice Business Database
Our subscriber’s company recently had a dividend returned by the bank because the shareholder’s account had been closed and they could not be traced. How does this affect the company and its other
shareholders?
HMRC makes a big issue in its instruction manuals about the difference between interim and final dividends. But in practice does it really matter and should you be taking steps to amend your
procedures?
If you run your own company and plan to retire, the usual strategy is to sell or wind it up and take the money. However, changes to the tax rules in 2016 might make it more tax efficient to keep the
company going. Why?
Your company started small but is now making fair profits. However, you don’t need to draw this out as you have enough other income. So is it better to take out the profit now or leave it to
accumulate?
The end of the tax year is approaching and you want to make full use of the 8.75% tax rate that applies to dividends. How can you work out how much dividend you can take and ensure its payment before
the tax year ends?
Overdrawing your director’s loan account can land both you and your company with a tax bill. A common way of dodging this is to pay a dividend after the end of the financial year, but this won’t work
in every case. Is there a better option?
As a director of a small company you can more or less say how and when you would like your salary paid. The trouble is your total income varies each year which makes it tricky to decide what salary
to take. Is there a way around this?
Where you own shares in a foreign company like Santander or Cadbury you might be getting hit twice for tax. When might this happen and what steps can you take to get back the tax you’ve overpaid?
The Taxman may challenge dividends not properly declared and paid in accordance with company law formalities. However, there is a way to sidestep most of his arguments. So what do you need to do?
The accounts for your company’s recently ended financial year are being finalised by your accountant. You expect them to show a loss. Does this mean you should stop taking dividends to avoid trouble
with HMRC?