Hi,
Please could you tell me the best way to remove money from a company, assuming you have unlimited EIS allowances?
As I understand it EIS allowances can be claimed against income tax on salary and dividends, but not against corporation tax and not against national insurance.
So are these the options in order of preference?:
1. De-incorporate and be a sole propietor (employee NI not reclaimable)
2. Run as a company and take all profits as dividend (corporation tax not reclaimable)
3. Run as a company and take all profits as salary, and then reclaim the income tax. (employee NI and employer NI not reclaimable)
Thanks,
S
Replies (1)
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I have not understood your question
In short how EIS came into company balance sheet.
EIS is not available for limited company.
Can you provide details of the same?