As an owner manager of a company, taking income from it in the most tax and NI-efficient way is probably near the top of your list. The general view is that dividends are the best option, but when
might benefits in kind trump them?
Published 27.06.2023
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
Usually, the total NI bill on benefits in kind is less than that for an equivalent amount of salary. However, in some circumstances the position is reversed. In what situation can this work in your
favour when planning your remuneration?
Published 30.11.2022
On advice from your accountant your businesses are owned by separate companies within a group. As a director of each company what’s the most tax and NI-efficient way to be paid earnings from them?
Published 26.10.2023
One of our subscribers wanted to put his teenage son on the company payroll to help him with his finances, but was worried what HMRC would say about this. Can his company claim a tax deduction for
his son’s wages?
Published 18.02.2013
Your company is doing especially well and you want to take advantage of its good fortune. The priority income you take should be tax efficient. Why might benefits in kind be your best option?
Published 17.04.2024
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 want to employ a nanny. Normally this would mean registering with HMRC as an employer, with all that this entails. Could you instead add them to your company’s payroll? If so, what would the tax,
NI and other consequences be?
Published 31.10.2018
Your company is doing well and so you plan to increase what you take from it. The question is, what’s the most tax-efficient way to do it? Usually dividends are the best option, but might there be a
more tax-efficient alternative?
Published 28.10.2014
As an alternative to salary or dividends, benefits in kind are a potentially tax-efficient option for directors, especially those of multiple companies. What’s the advantage and when can you use it?
Published 04.03.2019