[tailspin2019]

> If you're in the UK and still using dividends as a significant method to self-compensate, you may benefit from speaking to a (better) accountant.

I'm curious what you're eluding to here? Using dividends as a significant method to self-compensate (for single-person companies) seems to be a pretty common practice recommended by every UK accountant I've spoken to / used.

EDIT: Updated for clarification

[callamdelaney]

There's roughly £12,000 tax free allowance on salaries and only £2500 on dividends. The common recommendation is to maximize your tax free allowance (pay yourself 12k PAYE) and then pay out anything else as dividends (though dividends legally require you operate at a profit).

[tailspin2019]

Yep, totally understand that.

That's the standard common advice that I'm referring to and that the post I replied to seemed to suggest is not what a (better) accountant would recommend.

Unless I'm interpreting that post incorrectly.

[kowlo]

It's the advice I've received too, but I'm also new to most of it. One downside (I think) is that I can't take advantage of the R&D tax credits with this approach!