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Search results: 30 article(s) found in topic: Profit extraction - keyword: Dividends

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Income tax planning for older directors

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? More...


Realising tax-free cash from your assets

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? More...


Family companies - spread the profit tax efficiently

You started a company a few years ago and it’s doing well. A friend has suggested you give some shares in it to your young children. You’re thinking of going ahead, but how should you go about it to avoid trouble with HMRC? More...


Structuring your income tax efficiently for 2018/19

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? More...


Tax on directors’ salary, dividends and perks

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? More...


Will one-man companies still be tax efficient in 2016/17?

If you run your business through a company which pays you dividends you might be better or worse off in tax terms from 6 April 2016. We’ve crunched the numbers and arrived at some surprising results. Will you be a winner or loser? More...


Celebrity tax avoidance

Yet another TV celebrity is being criticised for using a tax-saving scheme. What’s involved, is it legitimate and might it be something worth considering? More...


Can you change your mind about dividends?

A tribunal had to decide if HMRC was right to sue two directors for the tax and NI their company owed. Its ruling highlighted why it’s important to get things right first time when drawing income from your company. What’s the whole story? More...


Dividends v benefits in kind

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? More...


Income shifting - transferring shares to your spouse

Your business started a year ago and is now doing well so you want to transfer shares in the company to your spouse. You’ve heard this must be done a certain way or it won’t be effective for tax. What are the traps to look out for? More...
Last updated: 18.01.2019

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