Tim Paul Accounting
Region: GB
Thursday 26 March 2026 12:43:59 GMT
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Jay :
All personal, company still pays the tax
2026-03-26 15:34:39
70
Zeinab Budi :
What if I don’t have a second director or spouse lmao
2026-03-26 13:14:52
9
David :
if ur paying any corp tax or any personal tqx ur doing it wrong
2026-03-27 00:25:49
2
theflatwhiteguy :
surely, if we are ignoring corporate taxes, the most tax efficient way to draw £100,000 from the company would be way of a loan to the director. the only personal tax would be the beneficial loan interest tax to pay. oh, wait we should look at the whole tax system.
2026-04-17 16:27:58
0
PJ Sparky :
Based on the fact that the spouse isn’t already employed though
2026-04-17 17:40:19
0
louihill :
If I work a job and run my own business do I get tax free allowance twice of £12,570 depending on how the business is set up? - does that make sense ?
2026-03-27 09:14:38
0
Kaykay :
You need to be more transparent and tell them the corporation tax being paid on profits over £50k.
2026-03-30 18:46:09
1
Clar ci :
doesn't cooperation exist anymore
2026-03-27 07:14:49
0
CEACCOUNTANTS :
Assumes both directors have no other personal income!?
2026-03-26 23:35:14
2
ChrisLynchFilm :
Completely misleading. 2 people not 1 😂
2026-04-08 07:59:50
0
Shiloh Forbes :
Doesn’t this assume your 2nd director has no other taxable income? (Serious question)
2026-03-27 14:11:48
5
Sam :
But also you pay 19% tax on the corporation tax
2026-03-30 17:10:47
2
bnwhsisjb :
employers contribution
2026-03-26 18:48:45
1
Michael Hadden :
wait. it is t £92k "personally" the £92k is split between 2 peopled so £46k each.
2026-03-27 01:56:21
2
TC Economy :
Does the second director need to be on salary too or can they just be part owner?
2026-04-07 12:23:46
0
Arnie_Fletch :
Why can’t this be taught at school level! I want to go Ltd but have no clue of how. I obviously want to run it efficiently, legally and get everything I can out of it. Not knowing this scares the living crap out of me
2026-03-29 09:28:34
0
Nina Jandu :
im interested
2026-03-30 20:38:00
0
RandomName :
Well you don’t as the other director has £46k of it 😂
2026-03-26 20:57:24
4
Andreas Sergi :
Director or shareholder ?
2026-03-28 22:04:13
0
User13568693 :
As long as you don’t get divorced!! lol
2026-03-29 05:07:18
0
Catalina Craiu :
Did you forgot corporation tax ?? Dividents are not exempt from tax
2026-04-08 17:53:55
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💻 New Tech Unbox📱 :
well explained and straight to the point. thank you, got yourself a follower, keep it up 👌👌
2026-04-14 22:49:14
0
Tax Adviser Thoughts :
To be clear - for someone (say a spouse) to be able to receive dividend income, they need to be a shareholder, being a director isn’t a necessity. You cannot pay dividends to someone who doesn’t hold shares. The only reason to bring them on as director rather than an employee is to get more flexibility around minimum wage regulations. You would also need to be careful of anti-avoidance legislation which specifically targets arrangements to direct income to a spouse, which in reality is your own income, to avoid you paying higher rates of tax. Always speak to a qualified tax adviser/accountant before deciding the best way forward.
2026-04-18 19:26:46
0
nouseratmb :
If your spouse works and has their own job then the above doesn’t apply also as they will fall into a higher tax bracket.
2026-03-26 16:46:29
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