Originally Posted by NEO™®©
Originally Posted by bigchez
Originally Posted by NEO™®©
yeah but means you cant take the piss out of employees which i think is fair...not that im sayin you do lol but the dividend is a fair enuff idea as you can pay yourself a minimum wage and just take a hefty dividend once a quarter
If you are earning enough self employed to make taking a massive dividend worth it you are only going to cause trouble/suspicion with the taxman if you pay yourself min wage. Better to pay yourself like £25k and take dividend, max allowance for mileage, "entertaining" allowance, company party etc than take the michael. Its about staying under the radar....
now that makes a lot of sense cheers for explaining as im not really in the know i only work for someone and take home a lowly £400 pw
Mate I'm not trying to make out I earn shit loads - my old man contracts for a fair bit
, not me! He's the self employed one!