You and your fellow directors have a great deal of money invested as shares in your company. These pay you dividends but your company receives no tax deduction. Would swapping dividends for interest
be a more tax-efficient option?
Published 11.11.2011
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
Benefits in kind are usually more NI efficient than salary. However, the opposite can be true for director shareholders who receive a low salary, perhaps topped up with dividends. What savings are
possible and how can you take advantage?
Published 13.10.2017
You own an income-generating property. Is it possible to divert some of the income to your spouse as they pay tax at a lower rate, even though they’re not a joint owner? What’s the most effective way
to beat the Taxman?
Published 05.12.2007
HMRC’s official rate of interest is at an all time low. That’s good news if you’ve borrowed money from your company, but eventually the rate is bound to rise. Is there a way to dodge a corresponding
increase in your tax bill?
Published 24.10.2016
Changes proposed to the benefits in kind rules might mean you can make personal use of your company’s credit card, tax free, for up to 18 months. How can you take advantage of this?
Published 12.06.2017
From March 24 the Chancellor has changed the rules on company loans to shareholders. In future, loans that a company writes off won’t get a Corporation Tax deduction. Are there ways to avoid this new
tax cost?
Published 13.04.2010
You’ve heard that your company could provide you with tax-free vouchers to meet your (ever-increasing) childcare costs. If this is really the case, how much money could you save?
Published 13.09.2006
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
HMRC disapproves of director shareholders paying their spouses a salary from the business solely to reduce tax. It considers such arrangements unfair avoidance. Is there an alternative which won’t
cause problems with HMRC?
Published 27.05.2016