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
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
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
You will already be aware of the benefits of taking an annual dividend in lieu of a bonus from your company, perhaps to cover the cost of Christmas. However, how often can you legitimately take a
dividend?
Published 17.01.2008
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
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
The taxation of dividends and benefits in kind has changed significantly in recent times. So if you’re considering taking more income from your company, which should you choose for maximum tax
efficiency?
Published 31.08.2017
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