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
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
As a director of your small company you have complete autonomy over when and how you are paid. What do you need to consider before committing your company to a salary if cash is tight?
Published 17.10.2023
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
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
Every year you can take a tax-free amount out of your company by way of salary and dividends. But what if you’re approaching the limit for this year? What measures can you adopt to save tax?
Published 13.03.2008
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
You’ve used your personal savings to fund a start-up. You expect it to take a year until it will be financially self-sufficient. You can’t see the point of taking a salary from the company until
then, but might you be losing tax and other advantages?
Published 20.04.2022
Your spouse was made redundant with little prospect of getting a job in the near future. As a result they’re wasting their tax-free allowance and losing state pension rights. Might paying them from
your company help?
Published 17.12.2020
You’re planning the remuneration package for the directors of two new subsidiaries of your company. What should you be considering to maximise tax and NI efficiency?
Published 26.06.2019