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
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
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
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
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
No one method is guaranteed to be the most tax-efficient way to extract profit from your company. Dividends usually get the nod, but if you have money invested in your company, taking interest
instead might be the way to go. Why?
Published 12.05.2014
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
Your accounts for last year show a profit and you’re meeting with your fellow directors to decide whether it should be paid out as dividends. As tax will play a major part in your decision what are
the most efficient options?
Published 14.04.2014
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