Dividend Planning
Simplify Your Dividend Planning
When you’re a limited company director, you have the opportunity to pay yourself through dividends. It’s one of the most tax-efficient ways to receive your income, and it’s a popular income approach for a lot of business owners. But, that’s only if you manage everything correctly. You need to get the timing of dividend payments, the amount and the method right, as these all work together to reduce your tax liability and ensure you stay compliant with HMRC.
At Go Limited, we provide expert dividend planning help, all of which is tailored to your unique circumstances. Our support ensures that you take advantage of available allowances, avoid costly mistakes and maximise your income. You can relax, knowing that you’re getting the most out of your dividend payments and profits.
Why Dividend Planning Matters
There’s no denying the benefits that come with paying yourself in dividends, especially when it comes to personal tax. But, there’s more to it than simply transferring money from your limited company to your personal account.
To make sure that you stay compliant, dividends must be paid from business profits, be properly documented and declared, all in line with legal and accounting standards. Plus, the amount you draw, and when you draw it, can hugely impact your personal tax bill, especially if you have multiple streams of income. For example, you might also have a salary.
Without a clear dividend strategy and clear planning, you run the risk of not making the most of tax allowances, pushing yourself into a higher tax bracket or facing penalties.
Expert Dividend Planning: Guidance and Support
By assessing your business’ financial position and your income, our experts work with you to develop a tax-efficient dividend strategy, recommending the most beneficial approach to dividends. This includes reviewing company profits and earnings, determining the perfect dividend amount and payment frequency, and coordinating dividends with other income streams. We help you to maximise your tax-free allowances and minimise the chances of you falling into a higher-rate tax band, keeping more money in your pocket.
The Benefits of Go Limited Dividend Planning Services
If you approach dividend planning powered by guesswork, you run the risk of making a mistake. But, with Go Limited in your corner, you can feel confident knowing that your dividends are handled correctly, always working in your favour.
Lower Tax Bills - With Go Limited, you can make the most of tax-free allowances and basic rate tax brackets.
Accurate Timing - Find the ideal way to organise your dividends efficiently to reduce tax liability.
Full Compliance - Relax, knowing that you’re staying on the right side of HMRC rules and documentation.
Less Stress - Dividends can be stressful, but we’ll help you to avoid uncertainty, so there’s no need to second-guess your strategy.
Take Home More Income
At Go Limited, we’ll help you to build a sustainable dividend strategy that fits your business plans. You’ll know that you’re getting your dividend strategy right, as our experts are taking care of everything. Let us help you to take home more of your hard-earned income.