As an owner manager of a company, taking income from it in the most tax and NI-efficient way is probably near the top of your list. The general view is that dividends are the best option, but when
might benefits in kind trump them?
Published 28.09.2023
Instead of paying out membership fees and having the hassle of travelling to a gym each time he feels like working out, our subscriber wants his company to cover the cost of a gym at his home. How
tax efficient would this be?
Published 30.10.2019
One of your employees has sent you links to websites offering tax efficient salary sacrifice schemes to consider. You thought HMRC had killed these off with tough anti-avoidance rules. Can these new
schemes legitimately save tax?
Published 02.10.2019
In the current tax year you’ve used your company’s bank account to pay some personal bills. If you take no action this will result in tax and NI liabilities. How can you prevent or delay these?
Published 24.03.2021
You buy season tickets and discount cards for your staff to lower the cost of business travel. They’re also used by staff for private journeys, which saves them hundreds of pounds a year. Should you
report this as a taxable benefit?
Published 19.02.2019
Directors and employees can receive low value perks tax and NI free. The trouble is if the cost of a benefit exceeds the exempt amount it’s fully taxable and liable to NI. How can you avoid this trap
but maximise the exemption?
Published 07.01.2019
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
As a director, you take a small salary and dividends. You’ve been involved in a minor accident and will be unable to work for a couple of weeks. Are you entitled to Statutory Sick Pay?
Published 23.11.2005
At this time of year, you want to take your partner for a romantic meal or buy them a gift. Can you get away with just putting it through petty cash? Or are there legitimate ways to get your company
to pay for it?
Published 15.02.2006
As your first born is due to fly the nest shortly, you’re looking for ways to get a little extra cash to help them. Taking money out of your company in the traditional ways always results in a tax
charge. Can you extract the cash without the tax?
Published 28.07.2023