PAYE/DRAWINGS or Dividend
I wanted a second opinion on a director who launched his buisness has a limited company in May 2012.
He wants to know if he should pay himsleg via the PAYE or Drawings or Dividend.
As he will be paying Coporation Tax on his Profits I would avoid paying 40% tax on your pay via PAYE.
Therefore would it be best for drawings or dividend payments and what advantages is one over the other.
Your answers please.