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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/di... Other useful videos: How often can you take dividends:    • HOW OFTEN CAN YOU TAKE DIVIDENDS FROM...   What is a dividend:    • WHAT IS A DIVIDEND? (SMALL BUSINESS)   Directors Loan Basics:    • DIRECTORS SALARY BASICS!   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):   / danheelan   Instagram (Dan):   / danheelan   Twitter (Dan):   / danheelan   Instagram (Company):   / teamheelan   Facebook (Company):   / heelanassociates   Twitter (Company):   / 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.