What are the tax implications of drawing profit from your company?
People run businesses for a variety of reasons from passion to pride, but making a living is high up the list for most people.
How do you go about drawing profit from your business, and doing so efficiently?
We are very pleased to announce we are Gold Champion Standard Xero Accountants.
Always looking to offer up to date, time-efficient resources and information for clients, we chose Xero as our recommended cloud-based accounting software. Xero benefits our clients by providing 24/7 real-time access to their accounts so that we can easily view their current financial position meaning we can give business and financial advice at any time, not just at year end.
Xero will shortly be releasing Xero Performance Dashboards giving business owners a further tool to assist improve their business. The performance dashboard highlights key business ratios and how these change overtime. This will give businesses a fantastic opportunity to set goals which can be focused on and give structure to the direction of the business.
The Chartered Institute of Taxation
The Association of Taxation Technicians
