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Salary or dividends: The traditional problem

Salary or dividends: The traditional problem

by Martin Craighan | Apr 24, 2023 | Latest Tax News, SAVE YOU TAX, Tax News, Tax Tips

Directors of owner-managed or family members companies generally take their earnings out of business via a blend of salary and dividends. It’s an article of faith with lots of businesspeople that if you’re mosting likely to run a business, this must be...
Dividends: Timing is everything

Dividends: Timing is everything

by Martin Craighan | Apr 24, 2023 | Latest Tax News, SAVE YOU TAX, Tax News, Tax Tips

Many company owners locate dividends a much more appealing method to extract income than salary or incentive. Dividends do not attract National Insurance contributions. Of program, dividends must satisfy company regulation requirements (which are beyond the extent of...
Family and Personal Business

Family and Personal Business

by Martin Craighan | Apr 24, 2023 | Latest Tax News, SAVE YOU TAX, Tax News, Tax Tips

Year-end tax preparation for household and also individual companiesOperating by means of a limited company can be tax-efficient and has the added benefit of restricted obligation. Nonetheless, the compliance worry is much greater than for a sole trader or...
End of year tax allocations: Utilize them or shed them!

End of year tax allocations: Utilize them or shed them!

by Martin Craighan | Apr 24, 2023 | Latest Tax News, SAVE YOU TAX, Tax News, Tax Tips

As the tax year draws to a close, it is time to check as well as embark on any last-minute tax preparation. This should include a testimonial of available allowances for the 2022/23 tax years and factor to consider of the level to which they have yet to be utilized....

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