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
Salary sacrifice schemes can reduce your tax and save your company NI costs. But depending on the amount and type of income you receive the savings can vary widely. How can you get the best result?
Published 17.10.2012
One of our subscribers is installing a TV in the firm’s common room. He hopes football-mad staff will spend their breaks watching there rather than skiving off to watch at home. The idea also has
potential tax advantages. What are they?
Published 29.05.2014
Paying a nanny or any other home help will come out of your net salary, making it very costly. A colleague has suggested that putting the expense through your company will save a stack of cash. Is he
right?
Published 15.10.2013
There are two different ways to calculate the taxable benefit-in-kind (BiK) on your director’s loan account. One of them is more tax efficient, but the Taxman has the right to override this; is he
likely to do so?
Published 08.06.2010
If you personally own your company’s business premises and it makes some improvements to the building, this will land you with a hefty income tax bill. Why, and what steps can you take to reduce and
defer this amount?
Published 25.04.2013
Where you borrow money interest-free from your company, you can land yourself with a tax bill. But a friend, who’s also a director, tells you that he avoids this by paying interest to his company.
Will this also work for you?
Published 31.10.2011
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
If business is slow and your staff have time on their hands, you could use them to do personal work for you. But what steps should you take to ensure maximum tax efficiency for you and your company?
Published 25.05.2012
There’s no escaping tax on the benefits-in-kind (BiK) you receive from your company, but a loophole in the rules means that you can delay payment for a long time. How can you take advantage of this?
Published 28.04.2011