We now know the NI limits for the next tax year as well as the tax-free allowances and rate bands. If you want to set your salary for optimum tax efficiency what figure should you be aiming at?
Published 04.02.2014
If you run your own company and plan to retire, the usual strategy is to sell or wind it up and take the money. However, changes to the tax rules in 2016 might make it more tax efficient to keep the
company going. Why?
Published 11.01.2016
Taking benefits in kind instead of salary can save you tax and your company NI. To get the best outcome you need to tailor the arrangement to fit your financial circumstances. But is this type of
scheme always tax efficient?
Published 02.05.2014
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 end of the tax year is approaching and you want to make full use of the 8.75% tax rate that applies to dividends. How can you work out how much dividend you can take and ensure its payment before
the tax year ends?
Published 20.02.2024
As a director of a small company you can more or less say how and when you would like your salary paid. The trouble is your total income varies each year which makes it tricky to decide what salary
to take. Is there a way around this?
Published 16.10.2018
The Chancellor’s first Autumn Budget included an uplift in tax-free personal allowances and NI limits from 6 April 2018. What effect will they have on your tax bill and how should you plan to use
these increased allowances?
Published 08.12.2017
You will already be aware of the benefits of taking an annual dividend in lieu of a bonus from your company, perhaps to cover the cost of Christmas. However, how often can you legitimately take a
dividend?
Published 17.01.2008
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
When the so-called dividend tax came in, shareholders were advised to take dividends out of their company before April 1. Now, with its imminent abolition, is there anything you should be doing in
respect of dividends?
Published 16.02.2006