MISTAKES OWNERS MAKE REGULARY: ILLEGAL DIVIDENDS

Illegal dividends are sooo easy to do without the knowledge. In this video Dan covers how you might trip up here as a limited company owner, and how to avoid the pitfalls. Topics include: Understanding a Balance Sheet Retained Profits Legal Dividends How to declare a dividend What happens if you declare illegal dividends Directors Loan Accounts Dividend Tax … and more! If you have any questions or thoughts on this, please comment below. Blog on dividends: https://www.heelanassociates.co.uk/dividends-what-you-need-to-know/ Other useful videos: How often can you take dividends: https://youtu.be/_N5MlVv7FVU?si=VFsVt9FqM7MQE4Ny What is a dividend: https://youtu.be/xCpm19KuOb4?si=KjS9Bt8NUs83J0W9 Directors Loan Basics: https://youtu.be/mP2DdqpqTLE?si=h9ozBbIze-aW4FfF Subscribe to our Podcast on Spotify and Apple: “The HeelanHub Podcast” - a show for small business owners. Join our mailing list for tax tips at: www.heelanassociates.co.uk You can see more about what we get up to as an Accountancy Business on the following: LinkedIn (Dan): https://www.linkedin.com/in/danheelan/ Instagram (Dan): https://www.instagram.com/danheelan/ Twitter (Dan): https://twitter.com/danheelan Instagram (Company): https://www.instagram.com/teamheelan Facebook (Company): https://www.facebook.com/HeelanAssociates Twitter (Company): https://www.twitter.com/HeelanAssocs Web: https://www.heelanassociates.co.uk Call: 02392 240040 Email: [email protected] #accounting #smallbusinessuk #tax Note: As always, these videos are educational and should not be considered financial advice.