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 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
For 2016/17 using your basic personal tax-free allowance, starting tax rate and the new zero rate bands for savings income and dividends allows you to engineer up to £22,000 tax free. How is it done?
Published 28.06.2016
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
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
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
You’re aware that sharing your company’s income with your spouse can save tax but aren’t sure how to do this in practice for the maximum tax advantage. What tips or traps should you be aware of?
Published 07.04.2022
While there’s a hint of light at the end of the lockdown tunnel, business will take a while to recover. In the meantime you’re taking minimal income from your company, but should you consider
increasing this to maximise tax efficiency?
Published 13.05.2020
Can you predict what your top tax rate will be in 2008/9? Well, the basic rate of income tax has been cut from 22% to 20%, but higher rate tax is still 40%. However, there is a way to pay just 10%.
So what is it?
Published 10.04.2008
In the last Budget the Chancellor announced age-related tax-free allowances would be phased out, but this won’t take full effect until 2015. If you’ll be 65 by next April, how can you make the most
of higher allowances while they last?
Published 25.10.2012