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
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
A subscriber is the main shareholder of a company and his spouse owns the remaining shares. They each receive dividends but our subscriber wants to know if it will be tax efficient for the company to
also provide shareholder benefits?
Published 08.07.2021
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 an alternative to salary or dividends, benefits in kind are a potentially tax-efficient option for directors, especially those of multiple companies. What’s the advantage and when can you use it?
Published 04.03.2019
You son, who’s at university, wants you to pay for his driving lessons. It will cost around £1,000 to get him through his test. Would putting it through your company be a cheaper and more
tax-efficient option than paying for it personally?
Published 27.05.2016
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
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
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
Your company is doing especially well and you want to take advantage of its good fortune. The priority income you take should be tax efficient. Why might benefits in kind be your best option?
Published 17.04.2024