I have 2 businesses, I’m self employed in 1 & limited company in another. How do I know how much dividend tax to withdraw from limited company without going into higher tier? It’s just with self employed you don’t know until later
It comes down to planning it out in a spreadsheet really. If you have an accountant have a chat to them about how you might manage that, or they maybe able to help. You probably have to estimate the sole trade income and monitor as the year goes on.
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Great stuff, good to know as I just started
Glad it was helpful!
I have 2 businesses, I’m self employed in 1 & limited company in another.
How do I know how much dividend tax to withdraw from limited company without going into higher tier?
It’s just with self employed you don’t know until later
It comes down to planning it out in a spreadsheet really. If you have an accountant have a chat to them about how you might manage that, or they maybe able to help. You probably have to estimate the sole trade income and monitor as the year goes on.
Great content as always thank you 👏
Glad you enjoyed it!