@360.accounts: The biggest leaks in a limited company's finances aren't always the obvious ones. They're often the decisions that haven't been reviewed since the business was first set up. Over time, tax rules change, businesses evolve, and what once worked may no longer be the most efficient approach. Here are ๐ฒ ๐ฐ๐ผ๐บ๐บ๐ผ๐ป ๐ฎ๐ฟ๐ฒ๐ฎ๐ we see quietly costing director-run businesses money: 1๏ธโฃ ๐ฆ๐ฎ๐น๐ฎ๐ฟ๐ & ๐ฑ๐ถ๐๐ถ๐ฑ๐ฒ๐ป๐ฑ๐ โ Has your salary/dividend split been reviewed since the dividend allowance reduced to ยฃ๐ฑ๐ฌ๐ฌ? 2๏ธโฃ ๐๐๐๐ถ๐ป๐ฒ๐๐ ๐ฒ๐ ๐ฝ๐ฒ๐ป๐๐ฒ๐ โ Are you claiming everything you're entitled to without stepping outside HMRC's rules? 3๏ธโฃ ๐๐๐๐ถ๐ป๐ฒ๐๐ ๐๐๐ฟ๐๐ฐ๐๐๐ฟ๐ฒ โ Is your current structure still the right fit for the way your business operates today? 4๏ธโฃ ๐ฉ๐๐ง โ Does your VAT scheme still suit your turnover, customers and the way you trade? 5๏ธโฃ ๐ฃ๐ฎ๐๐ฟ๐ผ๐น๐น โ Are directors' NI, benefits, workplace pension obligations and payroll reporting all being handled correctly? 6๏ธโฃ ๐ง๐ฎ๐ ๐ฝ๐น๐ฎ๐ป๐ป๐ถ๐ป๐ด โ Are you planning ahead, or only thinking about tax once the year-end has passed? ๐ Swipe through to see the warning signs for each area and the questions every director should be asking. If one or two of these sound familiar, don't worry-you're certainly not alone. The good news is that reviewing them sooner rather than later can often save both time and money. ๐ฉ If you'd like us to take a look at your business and identify any opportunities, send us a message, we'd be happy to help. [email protected] / 07500962377 #wokingbusiness #guildfordbusiness #wokingaccountant #surreybusiness