Getting money out of SME companies

Getting money out of SME companies requires not only an understanding of the basic principles of dividends, share buy-backs, reductions of capital and the winding up of companies, but also a detailed knowlege of the taxation consequences of what is intended. “Iritegrity provisions” such as those contained in Division 7A of the In ome Tax Assessment Act 1936 and the requirements for family trust elections to be made before dividends can effectively flow through discretionary family trusts are but some examples of the need for care in this area of practice.

Read full “Getting money out of SME companies” paper by Tony Riordan