Limited Company, spread out dividends

optoutDB

BlackKnightMonty said:

Just remember the faff of being a Ltd company director.

Annual accounts (which will switch to quarterly through the ‘make tax digital’, quarterly VAT returns, business banking which charges for everything, business insurance, etc etc.

It’s a huge amount of never ending cost and admin.

Well, I won't be needing the VAT returns   but yeah it'll be more work but it's worth it financially, and also for the optics (the public generally likes to deal with ltd companies I think). 

mark_cycling00

I was always told that relying on dividends for earnings could be classed as disguised employment, so regular monthly dividends is not a good idea 

I always waited till the accounts were done as and knew the profit for the year, then I had a director meeting (yes just me) and decided on an appropriate dividend.

But I didn't have an expectation of what the dividend would be and paid a regular salary to myself