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TAX - REMUNERATION PLANNING

Directors - does it always pay to take a salary?

You’ve read that for maximum tax efficiency director shareholders should take a salary of £8,424 for 2018/19. But you have more than one business, plus other income. Should you take a salary from each and if so how much? More...

TAX - PROFIT EXTRACTION

Salary or a dividend, which is right for you?

The end of your company’s financial year is not far away and it’s been a good year. You’ve decided to pay yourself a little extra. But because of the new tax rates will you still save tax by taking it as a dividend instead of extra salary? More...

DIRECTORS’ REMUNERATION

Reduce your tax by changing your income pattern

The cut in the top rate of tax next April will affect only those with annual incomes of £150,000 plus. But there are hidden trigger points for higher tax rates much lower down the scale. What are these and how can you dodge them? More...

PROFIT EXTRACTION

Overcoming problems with dividends

A new financial year is approaching and your accountant has recommended a more aggressive approach to tax planning by paying regular dividends instead of salary. But your co-director/shareholder says this will cause problems. Is he right? More...

DIRECTORS’ TAX

How much dividend can you pay tax-free?

The 2011/12 tax year starts in two months. Tax-free allowances are going up, but the point at which you’ll start to pay higher rate tax will come down. How might these changes affect the tax you’ll pay on income from your company? More...

PROFIT EXTRACTION

Dividends - the cost of not reading the small print

Now that the Budget has confirmed the hike in NI it makes even more sense to pay greater dividends and less salary. But there’s a right way and a wrong way to do this. Make an error and you’ll be easy prey for the Taxman. More...

PROFIT EXTRACTION

Darling’s extra dividend duty

One of your co-directors has told you that the higher rate of tax on dividends paid from next April is to increase over current levels by 44%. So he’s going to take extra salary instead. Is he right? More...

NEWS - TAX RETURNS

The latest on a spouse’s dividends

Did your spouse receive a dividend from your company during the tax year 2006/7? If so, do you need to refer to it on your tax return? More...

DIRECTORS’ TAX

Changing cars? Tell the Taxman

NEWS - TAX

Victory for family companies

A husband and wife company recently won a landmark case against the Taxman regarding the split of dividends. Could this ruling benefit you too? More...
Last updated: 03.07.2020

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