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In the UK "paying a small salary and the rest in corporate-taxed dividends" is normal practice and completely legitimate to the best of my knowledge. Obviously
by hermitcrab 18y ago
In the UK "paying a small salary and the rest in corporate-taxed dividends" is normal practice and completely legitimate to the best of my knowledge. Obviously that might not be the case in other tax jurisdictions. Seek professional advice.
- tptacek 18y agoNot a complaint about the article. I liked it. =)
- hermitcrab 18y agoJust clarifying. ;0)
- inovica 18y agoThats exactly what I do. Indeed, the staff also know it. Basically I have a small salary, but if the company does well then there is profit that I can then use to take out dividends. I have some friends who go even further, but personally I feel that's stepping over the line. I have no problems with paying taxes, but I do like to reduce mine to a sensible level