As a director shareholder of your company you’re in a good position to arrange your income for maximum tax efficiency. Now that the end of 2019/20 is in sight what can you do to achieve this?
Published 22.01.2020
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
The end of the tax year is approaching and you want to make full use of the 8.75% tax rate that applies to dividends. How can you work out how much dividend you can take and ensure its payment before
the tax year ends?
Published 20.02.2024
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
As a rule of thumb, dividends are the most tax-efficient way to extract profit from your company. However, company and personal circumstances can change that. Are pension contributions worth
considering too?
Published 07.01.2021
We now know the NI limits for the next tax year as well as the tax-free allowances and rate bands. If you want to set your salary for optimum tax efficiency what figure should you be aiming at?
Published 04.02.2014
Giving your children shares in your company can provide them with income for the future. The trouble is anti-avoidance rules mean you’ll have to pick up the tax bill for it. So is it something worth
considering?
Published 14.10.2014
The Autumn Statement included another swipe at company owner managers to add to the hit they’ll take when the corporation tax rate increases in April 2023. In light of this should you be
rethinking your profit extraction strategy for next year?
Published 12.12.2022
A business associate says he gets a tax break by getting his company to pay a pension contribution for his spouse who’s currently not working. Is this something you should be considering?
Published 05.07.2023
The holy grail of tax planning for owner-managed businesses is to keep tax low during the trading years, and when the time comes get your money out as efficiently as possible. Here’s one idea that
might work for you.
Published 15.10.2009