“With Steve’s help, we identified that a business director was not receiving any dividends and was also below his personal allowance, so we voted a £5,200 dividend for him.
This was tax free, so he hasn’t been taxed anymore on his tax return, and also he is going to receive a tax refund of £2,398.00!!! So, in a nutshell – An extra £5,200 tax free income and another £2,398 from the HMRC as a refund, total = £7,598.”
How would YOU spend this extra cash?
If you’d like to explore how we can save you money, give us a call on (Plymouth area office) 01752 226084 or (Exeter area office) 01392 537472, and pop in for a coffee and a chat.