If you want to transfer your company’s trading premises or other property it owns into your name, you can expect a hefty tax bill to go with it. What steps can you take to stop it costing you the
Earth?
Published 02.11.2010
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
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
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
The Taxman may challenge dividends not properly declared and paid in accordance with company law formalities. However, there is a way to sidestep most of his arguments. So what do you need to do?
Published 18.01.2007
Dividends are usually the most tax-efficient way to take income from your company, but not always. In what situations should you think about taking salary or a bonus instead?
Published 20.03.2012
When you started your company you took a small salary plus dividends. Your accountant now says because the company’s profits weren’t sufficient some of them were illegal and you might have to pay tax
on them. Is he correct?
Published 16.05.2017
The Taxman may challenge dividends not properly declared and paid in accordance with company law formalities. However, there are ways to sidestep most of his current arguments. What are these?
Published 21.10.2004
You owe money to the company of which you’re a director and majority shareholder. A colleague has suggested that your company could waive the debt instead of paying you salary. That sounds reasonable
but is it tax efficient?
Published 12.06.2023
A tribunal had to decide if HMRC was right to sue two directors for the tax and NI their company owed. Its ruling highlighted why it’s important to get things right first time when drawing income
from your company. What’s the whole story?
Published 05.02.2015