Decisions
regarding how much of the company's income to pay as salary and how much a
dividends is a decision for you to make in conjunction with your accountant.
Some points are discussed here.
When you have decided to pay a dividend Independence™
does the donkey work for you.
Firstly you select the Financial
Year in respect of which the dividend is being paid (not necessarily the
current one). Then enter the total net amount to be paid (note that you
can only pay dividends out of profits and reserves). Finally enter the
date on which the dividend is to be paid and the bank account from which
the payments will be made. Independence™ will then look at the list of
shareholders and divide the total between them in the proportion of their
shareholding. The Tax Credit will also be calculated automatically.
It only then remains to enter the cheque numbers and click
the 'yes' button.
This is an example of the dividend
vouchers that can now be printed. The heading is the same as that which you
have chosen for your invoices.
A report may be printed listing all the
dividend payments for a particular year.
