Amberleigh
Registered User
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Was a sole trader until v recently. Now running ltd company. Looking for ways to take money from business in tax efficient manner. A great resource for me has been talking to other business owners who all have little tips to go about doing this (like the €500 vouchers for example).
As a sole trader I am used to simply setting aside money for tax and living off what's left over, but now as company director I have been advised to take a salary of around 30k, which is enough to live on, but a lot lower than before, so looking for ways to supplement this.
What is your favourite hack for taking money from a business?
And maybe this doesn't exist, but are there any resources (blog, book etc) that provides an exhaustive list of the ways money may be taken out of a business by a director.
My accountant clutches her pearls every time I ask about this ¯\_(ツ)_/¯
As a sole trader I am used to simply setting aside money for tax and living off what's left over, but now as company director I have been advised to take a salary of around 30k, which is enough to live on, but a lot lower than before, so looking for ways to supplement this.
What is your favourite hack for taking money from a business?
And maybe this doesn't exist, but are there any resources (blog, book etc) that provides an exhaustive list of the ways money may be taken out of a business by a director.
My accountant clutches her pearls every time I ask about this ¯\_(ツ)_/¯