Module 11: Taking Money Out of Your Business
Covered in this module: Dividends IR35 Directors loans Salary Expenses that are reimbursable Benefit in kind 11.1 Introduction There may come a time when a business owner wants to take money out of their own business. As the owner or director, you might feel as if the company funds are your own and you are entitled to them wholesale. This is simply not the case and there are regulations which govern withdrawing money from a business - and there are several tax implications. ...
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