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Search results: 23 article(s) found in topic: Tax and VAT - keyword: Salary vs dividends

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PROFIT EXTRACTION

Too late to pay a dividend?

TAX - PROFIT EXTRACTION

Q&A - can I change my mind about a dividend?

TAX - PROFIT EXTRACTION

Dodging a common dividend trap

HMRC keeps a close eye on owner managers of small companies who draw more dividends than is permitted by company law. This can result in extra tax and NI bills for the directors and the company. What precautions can you take to prevent this? More...

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...

TAX - PROFIT EXTRACTION

Is dividend paperwork really necessary?

A tax tribunal has considered if money drawn from a company by its directors was earnings, on which PAYE tax and NI was due, or dividends. The directors said it was the latter, HMRC took a different view. What was the decision? More...

PROFIT EXTRACTION

More detail on new dividend tax

HMRC has released more information about the new dividend tax. It reveals another sting in the tail for shareholders. What’s the full story? More...

PROFIT EXTRACTION

New tax on company owners

The Summer Budget included major changes to the taxation of dividends from April 2016. They’re mainly aimed at director shareholders of small to medium-sized companies. Will you have to pay more or less tax as a result? More...

COMPANY LAW

Shareholder employees

You’ve invited someone to join your business as they have the expertise you need. In return they want shares in your company so that they can receive future profits in the form of dividends. What’s the best way to achieve this? More...

DIRECTORS’ TAX

Dividends - year-end tax planning

2013 was a pretty good year for your company and the directors intend to approve a dividend in the next couple of weeks. However, it would suit you for it to be taxed in 2014/15 rather than the current year. How can that be achieved? More...
Last updated: 26.05.2020

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