Salary and dividends, corporation tax, director loans and whether to incorporate at all.
The company is taxed, and then you are. They are separate.
Running a limited company means dealing with two tax systems at once. The company pays corporation tax on its profit. You pay personal tax on whatever you take out. Almost every mistake new directors make comes from blurring those two together.
This module establishes the separation, then covers corporation tax itself.
Salary, dividends and the loan account trap.
How you extract profit decides how much of it you keep. This module covers the salary and dividend split most directors use, the paperwork a dividend legally requires, and the director\'s loan account, which is where new directors most often create an expensive problem without meaning to.
IR35, company cars, equipment, and whether to incorporate at all.
Three practical topics and one strategic one. IR35 decides whether your company arrangement is respected for tax at all. Company cars and equipment are where directors most often assume a tax benefit that is not there. And the last lesson asks whether the company was the right structure in the first place.
10 questions covering the whole course. Score 80% or more and you get a certificate of completion. You can retake it as many times as you like.
The exam needs a free account, so we can save your result. The lessons themselves never do.
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