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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 have a large self-assessment tax bill to pay at the end of January. The trouble is that after the excesses of the festive season you’re a bit strapped for cash. What are the tax consequences of
using company funds to pay HMRC?
Published 09.01.2017
Pension schemes aren’t the most popular form of investment these days. But directors who own shares in their company are in an ideal position to create a tax-efficient and personalised retirement
fund. How does this work?
Published 18.02.2013
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
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
Now that the Budget has confirmed the hike in NI it makes even more sense to pay greater dividends and less salary. But there’s a right way and a wrong way to do this. Make an error and you’ll be
easy prey for the Taxman.
Published 06.07.2010
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
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
A new tax year starts in April and the good news is that you’ll be able to receive significantly more income taxable at the basic rate. How can you make the most of this when planning how to take
income from your company in 2017/18?
Published 19.01.2017
Dividends are the most tax and NI-efficient way to take income from your company. The trouble is they can only be paid when your company has sufficient profits. But how do you work this out?
Published 27.11.2013
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