The wrong share structure in a limited company

Types of shares in a limited company
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In this video we will discuss the subject - how to types of shares in a limited company
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#Property #Tax #LimitedCompany
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[@wastenotwantnotArt]

If a director awards all staff with a massive bonus does this negatively impact the profits and the amount available to pay out as dividends?

[@Simon-Misiewicz-US-UK-Taxes]

A bonus is a form of employment income. A bonus is therefore a cost to the limited company, which reduces profit. The last profit made me is that there is less dividends available to be paid out to the shareholders

[@wastenotwantnotArt]

@@Simon-Misiewicz-US-UK-Taxes Thank you. It’s what I suspected and it seems obvious that it would reduce profits. My brothers and I have recently been left our parents’ shares in the company they started. As they got older they made a long serving worker a director and gifted him shares giving him a 2% majority (we were fine about this as he felt like an extension of our family). However he is now begrudging us our dividend and at Christmas he gave the staff of 5 a £4000 bonus each!!! We don’t know if he gave himself a bonus too because we weren’t consulted.

[@Simon-Misiewicz-US-UK-Taxes]

Speak with him about this it might become a legal matter. I wish you well