A new financial year is approaching and your accountant has recommended a more aggressive approach to tax planning by paying regular dividends instead of salary. But your co-director/shareholder says
this will cause problems. Is he right?
Published 09.12.2011
Dividends might be the most tax-efficient way to take income from your company but they can only be paid out of profits. This means for a recently started business they probably aren’t an option.
What’s the next best thing?
Published 01.05.2012
You want to pay yourself in the most tax-efficient way and this usually involves taking dividends, but these can only be paid if your company makes a profit. So what’s the position if you get your
sums wrong and you take too much?
Published 15.07.2013
The signs are that last year was a good one and a bonus seems an appropriate reward. The trouble is there’s not much in the company’s bank account. If there’s an alternative to cash what might the
tax advantages be?
Published 03.02.2014
On advice from your accountant your businesses are owned by separate companies within a group. As a director of each company what’s the most tax and NI-efficient way to be paid earnings from them?
Published 02.01.2024
You’ve been offered the chance to invest in a property development project. The trouble is most of your cash is tied up in your company. Should it make the investment and take the profits or is there
a more tax-efficient alternative?
Published 13.02.2015
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
The Taxman has special anti-avoidance rules for directors who try to save tax by shifting some of their income to their kids. But as they won’t stay children forever, can income shifting work for you
as a long-term plan?
Published 28.04.2010
The tax break for company-paid childcare was scaled back a while ago, but it’s still possible to get a tax and NI exemption on up to £55 per week. How can you achieve this and possibly do better?
Published 11.12.2012
It’s a couple of weeks until the deadline for declaring benefits in kind to HMRC for 2018/19. How can you use a current year dividend to prevent the resulting tax charge and replace it with a lower
one payable at a later date?
Published 25.06.2019