Extraction of Funds from Limited Companies

Profits are distributed to shareholders in the form of a dividend and in proportion to their shareholding in the company.

As employees of the company, Directors are paid a salary and possibly bonuses.  Any benefits, such as a company car, are classed as benefits in kind and are taxable on the director.  The rules surrounding benefits in kind are many and complex.

More Information

There are tax planning opportunities for directors and shareholders and if you would like to discuss this further, then contact:

Steve Mitchell This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Mairi MacIver This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Or call us on 01224 625111.