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
At the end of your company’s last financial year your director’s loan account was in the red. Your accountant has suggested writing off what you owe to avoid a charge on the company, but is this the
most tax-efficient option?
Published 01.05.2019
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
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
Dividends are usually the most tax-efficient way to take income from your company, but not always. In what situations should you think about taking salary or a bonus instead?
Published 20.03.2012
Coronavirus has played havoc with dividends as a profit extraction method for owner managers of some companies and may have put them at a tax disadvantage for some time to come. How might a similar
situation be avoided in future?
Published 01.06.2021
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
Whilst there’s only a couple of weeks left in the current tax year, as a company owner manager that’s enough time in which you can improve your income tax efficiency. What steps should you be taking
to achieve this?
Published 24.03.2022
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