For business owners, it can be a balancing act to find the most tax-efficient way to get paid from the company’s profits. In the UK, a company director can choose to take their earnings as a dividend or as a salary. But both have different tax implications, so it is important to understand the difference between the two before making a decision. What is a dividend? A dividend is a distribution of a company’s profits…
Small business payroll is the process of paying your employees, and it can be quite a daunting task if you’ve never done it before, or if you are moving software or suppliers. This article will guide you through what to do when you need to start running a payroll, what options there are for doing it, software to use and service professionals who can do it for you. Let’s Start With Payroll Compliance When you…
