As a director of a limited company, you have the option to decide how and when you extract funds from your company. There are a few different options available, and the route you choose will entirely depend upon your income and circumstances. However, most directors draw money out of their company in salary, dividends or a mixture of the two. We’ve put together a short article to help you discover which option may be beneficial for you.
HMRC has been aware of mini umbrella companies (MUC) for years, but sadly, they’ve made the headlines again recently. Interestingly, rather than targeting temporary workers, the criminals behind mini umbrella companies are targeting recruitment agencies. Keep reading, and we’ll summarise what’s going on.