Your accountant is finishing work on your company’s accounts. He suggests paying a dividend to cover payments your company made last tax year which will otherwise be taxed as benefits in kind. Will
this cause trouble with HMRC?
Published 13.06.2018
The director shareholders control a company’s dividend payments but the rules that determine when they are taxable vary depending on the type of dividend. How can you ensure they are taxed at the
right time for maximum efficiency?
Published 22.09.2020
The accounts for your company’s recently ended financial year are being finalised by your accountant. You expect them to show a loss. Does this mean you should stop taking dividends to avoid trouble
with HMRC?
Published 07.05.2021
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
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
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
Overdrawing your director’s loan account can land both you and your company with a tax bill. A common way of dodging this is to pay a dividend after the end of the financial year, but this won’t work
in every case. Is there a better option?
Published 25.01.2012
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
HMRC makes a big issue in its instruction manuals about the difference between interim and final dividends. But in practice does it really matter and should you be taking steps to amend your
procedures?
Published 05.09.2013
Tax on dividends is set to rise on 6 April 2016, but if the government includes anti-avoidance measures in the 2015 Autumn Statement it could apply sooner in some situations. So should you pay
yourself extra dividends now?
Published 20.10.2015