You want to extract profit from a close company. The traditional advice is to go for a dividend as it is more tax efficient. However, there are some exceptions to this rule. What are they and how do
you make the most of them?
Published 19.02.2019
You’ve just seen the draft accounts and the company’s profits are much higher than expected. This means there’s more Corporation Tax to pay. You’ve heard that you can vote yourself a bonus to reduce
it - is it really worth it?
Published 27.09.2006
Business has been particularly good this year, and you want to take more out of the company. But exactly how should this extra be taken - as a bonus or a dividend? It’s the eternal question.
Published 21.12.2005
The end of your company’s first year of business is approaching and you want to pay yourself a modest bonus as you’ve been told this can save tax and NI. But what’s the right amount to pay for
maximum efficiency?
Published 03.03.2014
New tax rules will block some of the tax advantages usually given to owner managers when they sell or wind up their company. How might these affect you?
Published 23.02.2016
Your company’s accounting period is ending soon and the directors want to pay a bonus so the company can reduce its corporation tax bill. The trouble is they don’t want to pay tax on it until the
following year. Is this possible?
Published 18.02.2022
In the last Autumn Statement the Chancellor confirmed that from April tax-free allowances will rise, but the point at which higher rate tax kicks in will be lower. What changes to your salary and
dividends are needed to stay tax and NI efficient?
Published 03.02.2012
The company is half way through the year, the bank balance seems healthy and you’re therefore thinking about taking a dividend. Is it as simple as writing yourself a cheque?
Published 20.06.2007
As a director, you take a small salary and dividends. You’ve been involved in a minor accident and will be unable to work for a couple of weeks. Are you entitled to Statutory Sick Pay?
Published 23.11.2005
If the reports are to be believed, property prices are now lower than five years ago and still falling. So might shifting property out of your company into your own name be a smart tax move?
Published 19.09.2011