My wife and I are both directors in our recently formed salon business. I have my main job, and I take no salary from the salon business. We look like we going to make a profit this year, If my wife and I take dividends from the business, how will this effect my main job tax, and what do forms do I need to fill out etc. ( we havent made a profit to date so it hasnt been an issue) TIA
4th Aug 2021
How will dividends from my business affect my tax?
I take no salary from the business but it is turning a profit
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