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
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
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
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
Usually, the most tax-efficient method of extracting profit from your company is dividends. If you don’t have an immediate need for the income you could, in the right circumstances, use the dividend
to increase its tax efficiency. What’s involved?
Published 19.04.2023
You’re aware that sharing your company’s income with your spouse can save tax but aren’t sure how to do this in practice for the maximum tax advantage. What tips or traps should you be aware of?
Published 07.04.2022
Dividends are generally the most tax-efficient form of income you can take from your company but they can only be paid out of profits. Despite this, might there be a way for your loss-making company
to pay you a dividend?
Published 17.04.2024
Our subscriber is the sole owner manager of a company he started from scratch. He’s received an offer of employment which he intends to take up. His question is what’s the most tax-efficient way to
extract the accumulated company profits?
Published 03.05.2023
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
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