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  1. A company is part of a battalion and usually consists of between 100 and 150 soldiers. They are usually lettered A through to D, and made up of at least two platoons. But sometimes they have names such as ‘Grenadier Company’ or ‘Fire Support Company’.

    • Salary, Expenses and Benefits
    • Dividends
    • Directors’ Loans

    If you want the company to pay you or anyone else a salary, expenses or benefits, you must register the company as an employer. The company must take Income Tax and National Insurance contributions from your salary payments and pay these to HM Revenue and Customs (HMRC), along with employers’ National Insurance contributions. If you or one of your ...

    A dividend is a payment a company can make to shareholders if it has made a profit. You cannot count dividends as business costs when you work out your Corporation Tax. You must usually pay dividends to all shareholders. To pay a dividend, you must: 1. hold a directors’ meeting to ‘declare’ the dividend 2. keep minutes of the meeting, even if you’r...

    If you take more money out of a company than you’ve put in - and it’s not salary or dividend - it’s called a ‘directors’ loan’. If your company makes directors’ loans, you must keep records of them. There are also some detailed tax rules about how directors’ loans are handled.

  2. Jul 23, 2024 · Find out the most tax-efficient way to pay yourself from a limited company, including taking a salary, dividend payments, and directors' loans.

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  3. Sep 30, 2024 · There are two main reasons to take a salary from your limited company: It’s counted as an allowable business expense, which means it lowers the amount of Corporation Tax your company pays. If the salary is above the Lower Earnings Limit (£6,396 in the 2023/24 tax year – view current tax rates) you accrue qualifying years towards your state pension.

  4. Jul 24, 2023 · What is the best salary structure to take from a limited company? The most suitable salary structure to adopt from a limited company in the UK depends on several factors, including personal circumstances, other income sources, tax considerations, and financial objectives. Here are some common salary structures to consider:

  5. Apr 11, 2024 · This post outlines everything you need to know, including what PAYE is and how it works, how and when to register as an employer, and the PAYE tasks you will need to complete for HMRC. What is PAYE? PAYE stands for Pay As You Earn.

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  7. Apr 26, 2023 · What do shareholders have to pay? A shareholder should pay the company for the total value of shares that they hold in the company. A guide to company shares; How many shares should I issue when forming a company? If they hold 1 share with a nominal value of £1, they should pay £1.

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