Paying family members

Regardless of the business structure (for example limited company or sole trader) it is possible to employ family members. This has some obvious advantages including matters of trust, reliance and…

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If your company has been hit by the pandemic, you might be thinking of waiving your dividend or remuneration as a shareholder or director. Read more…

Waiver of dividends and remuneration Many companies are experiencing financial difficulties brought about by the coronavirus pandemic and there will be many instances where directors and shareholders will be considering…

Continue Reading If your company has been hit by the pandemic, you might be thinking of waiving your dividend or remuneration as a shareholder or director. Read more…

If you need help on how to time dividends, read our short article that explains the basics

Timing dividends right could help save tax Timing the date of a dividend payment from a company can determine both the amount and the due date of the tax payable.…

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Are you prepared for the dividend allowance cut on your January 2020 tax return?

Dividend complexities The dividend allowance, which was originally introduced from 6 April 2016, was cut from £5,000 a year to £2,000 from 6 April 2018. The cut is likely to…

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Salary v dividend for 2019/20

A popular profits extraction strategy for personal and family companies is to extract a small salary, taking further profits as dividends. Where this strategy is pursued for 2019/20, what level…

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Make the most of your allowances

The tax system contains a number of allowances which enable individuals to enjoy income and gains tax free. In seeking to maximise your tax-free income, it makes sense to take…

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