Finance


Interim or final dividend?

Posted on December 9th, by Helen in business advice, Finance, Profit. Comments Off

Does it matter whether the dividend is final or interim if the tax treatment is the same? Dividends are used by many business owners as a tax-efficient way to extract profit from a company. So it is important to understand the procedure for paying them.

The Companies Act 2006

It isn’t HMRC that makes the distinction between the two dividend types, but company law. The Companies Act 2006 says “The company may by ordinary resolution declare dividends, and the directors may decide to pay interim dividends”

So one group of people, the directors,may pay interim dividends, but shareholder approval must be obtained before a final dividend is paid.

So why is HMRC interested?

HMRC doesn’t particularly care which type of dividend is
paid. It is interested in whether the payment is really a dividend or whether
it was salary a bonus or a loan payment. As … Read More »


Millbrook Financial Management in partnership with Tandem Invoice Finance

Posted on February 5th, by admin in Finance, News. Comments Off

Chichester based selective invoice specialist, Tandem Invoice Finance Limited has been offering flexible, single invoice finance facilities free from any long term commitments throughout the region for a number of years. Tandem are pleased to announce a new partnership with Helen Alexander at Millbrook Financial Management.

Tandem director Malcolm Piper says “from our initial meeting with Helen at Millbrook Financial Management the decision was easy, Helen’s vast experience across a number of sectors coupled with her dedication to help clients realise their growth plans impressed us immensely. At Tandem we have earned an enviable reputation for going beyond merely providing funding to help ease cash flow. We are one of the fastest growing businesses in the sector, which is a testament to our focus on competitive pricing and exceptional customer service.”

www.tandemuk.com

This is proof if ever it was needed that progressive businesses … Read More »