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Helfpful tips for directors of limited companies

The introduction of a dividend allowance three years ago was a big change for directors of limited companies, especially small businesses.

Up until April directors were able to take £5,000 tax free as dividends a year. This has again changed with it being reduced to £2,000. It's therefore advisable in some circumstances that a spouse be setup as a director to ensure you maximise the allowance for your family.