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
Whilst there’s only a couple of weeks left in the current tax year, as a company owner manager that’s enough time in which you can improve your income tax efficiency. What steps should you be taking
to achieve this?
Published 24.03.2022
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
Your director’s loan account is significantly overdrawn, so your accountant suggests writing the debt off as this will be tax efficient. But you’re not so sure; you recall a change in the rules
relatively recently. So should you follow his advice?
Published 11.01.2012
When the time comes to hand over the company to the next generation, they might want to show their appreciation by paying you a lump sum. The Taxman will, of course, want a bite out of this. How can
you keep this to a minimum?
Published 11.07.2012
As a director shareholder of your company you’re in a good position to arrange your income for maximum tax efficiency. Now that the end of 2019/20 is in sight what can you do to achieve this?
Published 22.01.2020
The office space at work needs a lick of paint, and to keep costs down you’ve decided to do it yourself. Your fellow directors are happy with the arrangement and have agreed to pay you a little
extra. Does this have to go through the payroll?
Published 02.05.2013
From April 2017 some types of salary sacrifice scheme for employees will cease to be tax efficient. But can directors escape the new rules?
Published 21.09.2016
While salary sacrifice is a valuable tax planning tool, since April 2016 it can’t be used in some situations. HMRC has warned employers that doing so puts them at risk of penalties. What’s the full
story?
Published 28.06.2016