From April 6 2008 the new income shifting law threatens to increase tax bills for all business owners who share out their business profits. Is there anything you can do now to protect yourself and
your business from this new law?
Published 28.02.2008
Special rules apply to income received from assets which are jointly owned by married couples. They allow you to vary the share of income on which you each pay tax. How can you use these rules to
create tax savings?
Published 25.10.2016
If you employ a family member, how much will the Taxman allow you to pay them? Recent divorce rulings and revelations about MPs’ expenses suggest that the sky’s the limit. How can you use these to
your advantage?
Published 21.06.2007
Did your spouse receive a dividend from your company during the tax year 2005/6? If so, do you need to refer to it on your tax return?
Published 07.12.2006
Not sure if the salary you pay your spouse is going to survive the Taxman’s “excessive for their duties” challenge? Here’s a new way you could justify paying them more than the going rate. What’s
involved?
Published 05.07.2007
From April 6 2008, a new law will make it difficult to save tax by paying dividends to your spouse. What should you be doing now to get around this?
Published 31.01.2008
If your spouse is a company employee, the company can make pension contributions on their behalf. However, if the Taxman asks you to justify this salary plus pension combination, where do you stand?
Published 24.05.2007
The Taxman’s instruction manuals say he should challenge companies that pay salary to a director’s family just as a way of avoiding tax. Is there a legitimate way of paying them which can achieve the
same result?
Published 15.11.2011
You can still legitimately shift income from one spouse to another in order to gain a tax advantage. But how much can you actually save by doing this?
Published 22.05.2008
The Taxman has been issuing tax assessments to husband and wife companies. Why has he done this? And what should you do if you’ve received (or do receive) something similar?
Published 11.05.2007