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
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
You’re leaving profits in your company to accumulate with a view to eventually winding the business up and taking the profits as a capital amount. But might you save tax by extracting them as pension
contributions?
Published 18.02.2022
A hike in tax rates will affect dividends you receive on or after 6 April 2016. Working out how much the extra tax will be is tricky enough, but when and how will you be expected to pay it?
Published 08.02.2016
Our subscriber is the sole owner manager of a company he started from scratch. He’s received an offer of employment which he intends to take up. His question is what’s the most tax-efficient way to
extract the accumulated company profits?
Published 28.07.2023
As a shareholder/director, you take most of your money out of the company as dividends. As the personal allowance has increased this year, how much can you now take out without paying any tax?
Published 11.10.2006
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
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
You own several businesses, and your spouse is on the payroll of one of them. A colleague has suggested you could save NI for her and the company if you split her salary between the companies. Is he
correct?
Published 28.06.2021
Despite falling inflation, the Bank of England says it won’t rush to reduce interest rates. So, if you need a loan and your company has available cash is it cheaper and more tax efficient to borrow
from it instead of your bank?
Published 01.02.2024