Provided that the company has made a profit during the month or has profits remaining from previous periods then yes, you can bank a monthly amount from your limited company. This is usually taken as a combination of salary and dividend payments.
In order to be able to bank a monthly amount you will need to have the following in place:
- A contract that pays a regular monthly amount.
- A good accountant that provides proactive help and advice.
- A good bookkeeping system that gives you visibility of both your company and personal finances.
- With the above three in place you will be able to issue interim dividends in confidence from the profits made by your limited company.
You will need to secure the contract yourself but after that, Integro Accounting can provide you with the proactive help and advice; and a great bookkeeping system, to help you stay on top and in charge of your monthly financial commitments.
More information on Integro Accounting’s services and bookkeeping solutions can be found here:
Why Integro Accounting?
Integro Accounting is the UK’s only specialist provider of fixed fee, limited company accountancy services for contractors, consultants and freelancers that was established to an award winning standard – our Practice Manager, Maria Hickmott FCCA, won The British Accountancy Awards’ ‘Accountant of the Year’ in 2011.
We were set up with the vision of providing a service that is the ultimate for the dynamic, busy professional of today in a language you understand.
Integro Accounting have designed a bespoke service for the contractor who is always on the go; never forgetting that one size will never fit all.
The relationship you have with your accountant is the most important factor in our service which is why we will always offer unlimited contact with your own personal accountant; whether that contact is via the phone, email or face to face.
We have our 3 offices located in London, the South-West and on the Bedfordshire and Buckinghamshire border. There are also meeting locations in many of the major cities and towns across the Home counties, South-West and South Wales, all conveniently placed so that you never have to travel far to meet your accountant.
If you have any questions about contracting or would like to find out more about how Integro Accounting can help you and business please call Christian on 01525 303984, email firstname.lastname@example.org or request a callback.