u/Flaggles

I set up a limited company and did a small project at the start of this year, which I've just been paid for, roughly ~£10k. Originally I had planned to scale up work with the company over the year, but as it stands I'm not expecting to do much more (if any) work this year with the business, and might instead start a job at another company for the rest of the year.

I'm confused as to what would be the best way to pay myself for this work now - should I pay myself in one interim dividend now, ensuring I have enough set aside for corporation tax, income tax on the dividend? I assume there is no simple way to pay myself a salary - given that I don't know if I will earn any more income this year at all?

Any advice would be much appreciated!

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u/Flaggles — 14 days ago