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
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
You have various sources of income, including from investments. The trouble is that because this varies from year to year it creates unexpected tax liabilities. How can you plan your income to be
more tax efficient in 2016/17?
Published 18.04.2016
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
New companies often incur start-up costs before they begin trading. Is it sensible from a tax and NI point of view for directors to start taking income before the business generates any money?
Published 25.06.2018
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 end of the tax year is almost here and it’s time to check your tax position. You may have room to take more tax-efficient income from your company, or you might discover you’ve overdone it. What
steps can you take to rescue the situation?
Published 18.03.2024
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
With the end of the tax year just a few weeks away you might be planning to draw extra salary or dividends from your company to maximise tax efficiency. What steps must you take to ensure payment
falls in the right tax year?
Published 04.03.2019
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