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Post Info TOPIC: Dividends - Help!
corinne


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Dividends - Help!
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  Hi Everyone
  
   Could somebody please tell me when a new company started in September 2007 would be able to start taking dividends. Do you have to wait for the end of the accounting period to see what profits have been made?
I would love someone to solve this for me.
Many thanks, Corinne

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Fay


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Hi Corinne

The company can pay dividends as soon as it starts making a profit. The best way to do this is to produce management accounts on a monthly or quarterly basis to ascertain how much profits have been made. The company will then be able to distribute these profits to its shareholders in the form of a dividend.

Best wishes.

Fay

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corinne


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Thank you for that Fay.

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AccountantsCircle


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Also keep in mind these are on profit after tax... so you will need to allow for corporation tax payable too.

John Gesch
The Accountants Circle
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John Gesch
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