How much dividend can I vote?
Company Directors can vote dividends up to the amount of ‘Retained Profit’ in the company.
The Retained Profit is the cumulative total of all profit and loss in the business after tax less any distributions of profit (ie earlier dividends voted).
In order to know how much you can vote therefore you need:
Bookkeeping to be up to date
Management Account adjustments to be updated including a provision for Corporation Tax
With this information you will find the amount of dividend available at the bottom of the Balance Sheet.
