Leave Surplus Funds in Your Company or Withdraw Them? What are the tax consequences?
We have prepared a guide examining one of the most common questions faced by business owners: what should be done with surplus funds held within a company?
The decision can have a significant impact on the amount ultimately retained by you and your family.
Whether funds are left within the company, extracted personally or used as part of a wider succession or retirement strategy, the overall outcomes can differ considerably.
The most appropriate route will depend on your objectives, future plans and personal circumstances. Understanding the comparative tax consequences and wider implications of the available options is an important part of the decision making process.
The guide compares the main options available to business owners and highlights the factors that should be considered before deciding which approach is most appropriate.
To request a copy of the full guide, please contact Jayne Gillanders on 01271 326762 or email jayne@wardandcoaccountants.co.uk. Alternatively, please speak to your usual Ward & Co adviser.
Unauthorised use is prohibited. Please note: The above resource is provided for general information only. No responsibility can be accepted by Ward and Co Accountants for any use made of the information presented, whether acting or refraining from action as a result of the material published. No action should be taken without consulting a professional adviser.
