As a limited company director, there are three ways in which you can withdraw money from your company:
- Drawing a salary
- Issuing dividends
- Taking out a director's loan
<p>As a <a href="https://goforma.com/limited-company/what-is-a-limited-company" target="_blank">limited company</a> director, there are three ways in which you can withdraw money from your company:<br></p><ul><li>Drawing a salary</li><li>Issuing <a href="https://www.goforma.com/tax/what-are-dividends" target="_blank">dividends</a></li><li>Taking out a <a href="https://www.goforma.com/small-business-accounting/what-is-directors-loan-account" target="_blank">director's loan</a></li></ul>
Our small business accounting guide walks through absolutely everything you need to know if you're considering starting a limited company. From different taxes, limited company advantages/ disadvantages, how to pay yourself, and what your key filing requirements are.
- When to register a Ltd company
- When to register for VAT
- How to take money out of your company
- Dividend tax rates
- Limited company expenses & corporation tax
- Annual accounts and deadlines
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Book a free 20 minute call with an accountant to talk though starting, registering or switching your company.
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- Registering for VAT
- Self assessment
- Sole trader vs limited company
- Dividends and personal tax
- Registering your company
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