Overdrawing your director’s loan account can land both you and your company with a tax bill. A common way of dodging this is to pay a dividend after the end of the financial year, but this won’t work
in every case. Is there a better option?
Published 25.01.2012
At the end of your company’s last financial year your director’s loan account was in the red. Your accountant has suggested writing off what you owe to avoid a charge on the company, but is this the
most tax-efficient option?
Published 01.05.2019
Your company’s financial year is ending soon and projections point to a reasonable profit. If you draw this as a dividend, you’ll pay higher rate tax, whereas your spouse would only pay at the basic
rate. Can you simply shift the income to them?
Published 26.11.2010
As a general rule, dividends are the most tax efficient way to get income out of your company. But these can only be paid where you’re making a profit. So what will the Taxman say if you pay
dividends from a loss-making company?
Published 29.11.2012
You have the opportunity to buy shares in a new company with good prospects. You can afford to make the investment personally, but might you be better off doing it through your company?
Published 29.05.2018
Where you give shares in your company to your kids, the Taxman will do everything in his power to stop this from giving you a tax advantage. But if you’re prepared to wait you can still get one. How
does this work?
Published 24.02.2012
Seed Enterprise Investment Scheme (SEIS) tax breaks are worth at least 50% of your investment, but your money will be tied up for some time. How long before you can get your hands on it and what
should you do with it then?
Published 20.09.2012
Dividends are generally the most tax-efficient form of income you can take from your company but they can only be paid out of profits. Despite this, might there be a way for your loss-making company
to pay you a dividend?
Published 17.04.2024
You’re about to reach state pension age but have no intention of giving up running your company. As you’ll no longer have to pay NI contributions on salary should you start taking more of it and less
in dividends?
Published 07.01.2019
The general view is that paying dividends rather than a salary or bonus can save you and your company tax and NI. But one of our subscribers was not so sure that it was always the case. Were they
right?
Published 11.01.2010