See what you can take from your company and what it costs you, before the money leaves the business.
Keep the company's books in Financial IQ Business and link it to your free Personal account. Your salary, dividends and director's loan come across, so the tax on your next dividend is worked out on your own figures.
£19 a month plus VAT. Personal is free forever.
The money questions a director keeps coming back to, answered from your own books.
Before you take a dividendWhat will this dividend cost me in tax?Try a proposed dividend in Scenario and see your tax bill change before you take it. It's planning only, so nothing is declared.See tax on your decisions Every quarterThe VAT returnBuilt from your reconciled books and filed to HMRC through Making Tax Digital.See VAT returns Every paydayPaying yourself and the teamRun payroll in the same books, and your salary comes through to your personal tax position.See payroll When you've taken too muchAn overdrawn director's loanSee what clearing it would cost in tax this year, and what it would cost if you waited until next tax year.Read the guide Once a yearThe accountsPrepared in Financial IQ under FRS 105 or FRS 102 1A, with full and filleted accounts as PDF and iXBRL.See year-end accounts Whenever you wonderWhat am I actually worth?Your share of the company's net assets comes through from FIQ Business into your net worth, with the director's loan beside it.See net worth
Your company counts in your net worth, and so does what it owes you.
Link your FIQ Business company to Personal and its net assets come across, scaled to your share from the share register. If you’ve lent the company money, the director’s loan counts as an asset. If you’ve drawn more than you’ve put in, it shows as Owed to your company.
- Every figure says where it came from, and the company value shows the date it last synced from FIQ Business.
- Ask what clearing an overdrawn loan would cost, this tax year or after waiting until the next.
Rolling outFiling your accounts and Corporation Tax
Filing the accounts with Companies House from Financial IQ runs through a connected accountancy firm, and isn’t open to every account yet. Live Corporation Tax filing to HMRC is being switched on too.
Working todayVAT returns filed to HMRC, payroll, dividends with vouchers and minutes, the director’s loan review, the Corporation Tax report and your accounts as PDF and iXBRL.
Year-end: £149 a year on Business ProIncluded in Autopilot
Your company is in your net worth
For most directors the company is the biggest thing they own. Its net assets come across from the books, scaled to your shareholding.
Dividends with the paperwork kept
See what's available to distribute from your distributable reserves, and keep the dividend history with its vouchers and minutes.
Corporation Tax from the same books
The Corporation Tax report and the year-end accounts are built from the ledger you keep all year.
Common questions
Do I need both Business and Personal?
Your company's books go on Business Pro, at £19 a month plus VAT. Personal is free forever, and linking the two brings your salary, dividends and director's loan into your personal tax position.
Does trying a dividend in Scenario declare it?
No. Scenario is planning only, and nothing is declared. When you do declare a dividend, Business keeps the dividend history with its vouchers and minutes.
Can it file my VAT return?
Yes. VAT returns are filed to HMRC through Making Tax Digital, from the books you keep in Business.
Who files my accounts?
Your accounts are prepared in Financial IQ. Filing them with Companies House through a connected accountancy firm, and live Corporation Tax filing, are rolling out. Year-end accounts and Corporation Tax are a £149 a year add-on to Business Pro, and included in Autopilot.