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
You’ve reached state pension age and so are no longer liable to NI on salary. To improve tax efficiency should you change how you take income from your company especially in view of the extra tax
payable on dividends from 6 April 2022?
Published 09.02.2022
As a director shareholder of a company you have more opportunities than most to organise your income tax affairs efficiently. With that in mind, and as a new tax year starts on 6 April, how should
you approach it?
Published 16.03.2018
If you have control over the salary and dividends you receive from your company, this time of year is important for tax and NI planning. Especially this year if profits have been adversely affected
by the pandemic. What factors should you consider for maximum tax efficiency?
Published 09.03.2021
The taxation of dividends and benefits in kind has changed significantly in recent times. So if you’re considering taking more income from your company, which should you choose for maximum tax
efficiency?
Published 31.08.2017
For 2008/9 personal allowances are up, the lower rate income tax limit has been extended and NI thresholds raised. Nothing new in that; however, this all has an impact on the dividends you take from
your company. Read on.
Published 10.04.2008
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
Usually, the most tax-efficient method of extracting profit from your company is dividends. If you don’t have an immediate need for the income you could, in the right circumstances, use the dividend
to increase its tax efficiency. What’s involved?
Published 19.04.2023
Coronavirus has played havoc with dividends as a profit extraction method for owner managers of some companies and may have put them at a tax disadvantage for some time to come. How might a similar
situation be avoided in future?
Published 01.06.2021
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