Entries by DENNIS ACCOUNTS

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Four Things To Consider Before The Tax Year Ends

1. Dividends – The Annual Dividend Allowance (£5,000 Tax-Free) The current personal tax-free dividend allowance is £5,000. If you have not drawn this much from your business then at the very minimum you should consider distributing this amount out to each shareholder. If for cash-flow reasons, your business cannot afford to have £5,000 withdrawn per […]