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
You’re about to reach state pension age but have no intention of giving up running your company. As you’ll no longer have to pay NI contributions on salary should you start taking more of it and less
in dividends?
Published 07.01.2019
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
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
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
Your company is doing well and so you plan to increase what you take from it. The question is, what’s the most tax-efficient way to do it? Usually dividends are the best option, but might there be a
more tax-efficient alternative?
Published 28.10.2014
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
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 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
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