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
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
Your company’s accounts for its last financial year have been prepared in draft. They show that you and your fellow director shareholders received more dividends than permitted by company law. This
has tax consequences. What’s the most tax-efficient way to manage them?
Published 31.05.2022
As a general rule, dividends are the most tax efficient way to get income out of your company. But these can only be paid where you’re making a profit. So what will the Taxman say if you pay
dividends from a loss-making company?
Published 29.11.2012
At the end of your company’s last financial year you owed it money. This can trigger a hefty tax bill for your company but it can be avoided if the debt is cleared. There are different ways to do
this but which is the most tax efficient?
Published 20.05.2021
One of your employees is critically ill and may not survive. You’re continuing to pay their salary in line with their employment contract. However, as a goodwill gesture you also want to write off
their season ticket loan. What are the tax consequences?
Published 08.06.2020
If you have control over the salary and dividends you receive from your company, this time of year is important for tax and NI planning. Especially this year if profits have been adversely affected
by the pandemic. What factors should you consider for maximum tax efficiency?
Published 09.03.2021
You need a little extra cash. You could take it from your company which has a healthy bank balance, but this usually means more tax and possibly NI. Is there a way to get cash from your company and
avoid tax and NI altogether?
Published 09.07.2018
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
The high profile case over whether HMRC can apply tax and NI to dividends in the same way as salary, has collapsed after the company involved conceded defeat. What does this mean for you and your
company?
Published 10.05.2013