Dividends voted via board minutes | AccountingWEB

Dividends voted via board minutes

In order that we don't fall foul of the rules but to ensure that our clients utilise all their tax bandings wisely.... can a one-off board minute be prepared and signed saying something on the lines of 'we require a dividend to be paid annually until further notice to a maximum level which utilises our distributable reserves'. Would this then allow us to properly place the most tax effiicent amount of dividend to the directors loan account when we prepare the accounts? We ask as we are finding that client's have drawn , lets say, £20,000 throughout the year but their are enough reserves to have enabled , say, £35000 but no board minute...
Annette Dwyer

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Payroll software for children's day nursery

nadinepiper |

Welcome back, Jason

skylarking |


Ned Ludd |

I agree

geoffwolf |

Couldn't agree more, Penny

skylarking |