5 Legal Ways to Extract Money from Your UK Limited Company

In this comprehensive guide, we'll walk you through the intricate process of extracting money from a limited company. Whether you're a business owner looking to pay yourself or a shareholder seeking dividends, this video covers everything you need to know. We'll discuss key dates you need to keep in mind for tax purposes, explore various tax forms required for different extraction methods, and provide two practical examples to illustrate the process clearly.

Key Dates:

Year-end dates for financial statements
Tax return filing deadlines
Dividend payment dates
Personal tax payment deadlines
Tax Forms:

Form CT600 (Corporation Tax Return)
Form P11D (Expenses and benefits)
Form SA100 (Self-Assessment Tax Return)
Form CT61 (Certificate of tax deducted)
Form DS01 (Striking off application by a company)

Examples:

Dividend Distribution: We'll demonstrate the step-by-step process of declaring dividends, ensuring compliance with legal requirements and tax obligations.
Salary Payments: Learn how to structure salary payments efficiently, taking into account PAYE (Pay As You Earn) tax and National Insurance contributions.
Hashtags:
#LimitedCompany #Taxation #Dividends #BusinessFinance #entrepreneurship

Use our free US/UK tax calculators: https://www.optimiseaccountants.co.uk
Need to file UK or US tax returns? Let us know here https://www.optimiseaccountants.co.uk...
Transfer US$ and UK£ without the high commission and fees: https://www.currenciesdirect.com/regi...
Book UK tax consultations: Use code YouTube15 to get a 15% discount https://optimiseaccountantsltd.as.me/...
Get an US & International tax advice - Use code YouTube15 to get a 15% discount: https://optimiseaccountantsinc.as.me/...

Get UK / US Property Investment Advice: https://optimiseaccountantsltd.as.me/...

US specific support
Open a UK or US bank account: https://wise.prf.hn/click/camref:1100...
Apply for an Individual Tax Identification Number (ITIN): https://www.optimiseaccountants.co.uk...
File backdated US taxes to the IRS: https://www.optimiseaccountants.co.uk...
Get a Cost Segregation study on US Real Estate Property: https://zjf538.isrefer.com/go/csf/Opt...
Set up a US LLC company: https://www.optimiseaccountants.co.uk...
Set up a US C Corporation: https://www.optimiseaccountants.co.uk...
Want reliable UK/US pension advice: https://planfirstwealth.com/

UK Specific
Set up a UK limited company: https://www.optimiseaccountants.co.uk...
Open a UK business and personal bank account and get £50: https://www.tide.co/partners/optimise...
Get a Stamp Duty (SDLT) refund: https://www.optimiseaccountants.co.uk...
Claim Capital Allowances on Furnished Holiday Lets (FHL): https://www.optimiseaccountants.co.uk...

#UKlimitedcompany #moneyextract #companyfinances #businessfinance #smallbusiness #entrepreneur #financialadvice #taxplanning #businessgrowth #financialmanagement #companyprofits #moneymanagement #businessstrategy #financialplanning #companyinvestment #businesssuccess #financialfreedom #companycashflow #moneytips #financialgoals