Illegal dividends are sooo easy to do without the knowledge.

In this video Dan covers how you might trip up here as a limited company owner, and how to avoid the pitfalls.

Topics include:

Understanding a Balance Sheet
Retained Profits
Legal Dividends
How to declare a dividend
What happens if you declare illegal dividends
Directors Loan Accounts
Dividend Tax

… and more!
If you have any questions or thoughts on this, please comment below.

Blog on dividends: https://www.heelanassociates.co.uk/di...

Other useful videos:
How often can you take dividends:    • HOW OFTEN CAN YOU TAKE DIVIDENDS FROM...  
What is a dividend:    • WHAT IS A DIVIDEND? (SMALL BUSINESS)  
Directors Loan Basics:    • DIRECTORS SALARY BASICS!  

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Note: As always, these videos are educational and should not be considered financial advice.