Tax efficient extraction of profit from companies for 2018/19

The new tax year means that many directors of family companies will be considering the most tax efficient method of paying themselves. For many years accountants and tax advisors have suggested that director/shareholders should extract profit by paying themselves a...

There May Be More Tax to Pay on Your Dividends in January 2018

The rules for taxing dividends changed radically from 6 April 2016 with the removal of the 10% notional tax credit and the introduction of new rates of tax on dividends. For many taxpayers there will be more tax to pay on those dividends on 31 January 2018. Up until 5...

Extracting cash from your business

The early stages of starting a business can often be the most challenging times you’ll face. You’ve got a ton of important factors to consider: Knowing when to recruit staff, finding and choosing office space, setting goals for turnover, achieving target sales, and so...