March 23rd, 2021.

As we head towards a new tax year, it always surprises how many tax myths small business owners believe, when knowing the truth could actually put more money in your pocket.

Did you know, for example, that, (depending on your circumstances), you could potentially extract over £25,000 tax-free from your company, (in fact better than tax-free as the company can get corporation tax relief so the cost is less than £21,500).

This often means speaking with professionals (your accountant and/or IFA) but here are some quick small business tax myths and tips:

#1 – There is no difference between taking salary and a dividend

Some while ago....

For the full story at smallbusines.co.uk CLICK HERE.

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