Thinking about taking some money out of your limited company? Before you hit ‘transfer’, it’s worth understanding how dividends actually work — and what to check before you pay yourself. Dividends can be a brilliant, tax-efficient way to pay yourself as a business owner, but they come with a few rules and responsibilities. Let’s break
Tag Archives: tax planning
Director’s Pay vs Dividends, Tax Planning & Saving Tips
Why Alphabet Shares Could Be a Smart Move for Your Business
If you run a limited company, you might assume all shares are created equal. But that doesn’t have to be the case — and in many small businesses, it shouldn’t be. Creating different types of shares, known as alphabet shares (like A shares, B shares, C shares etc), can offer you flexibility, control, and some
Changes to Tax Rates & Thresholds, Self-Assessment/ Personal Tax
Understanding Inheritance Tax: A (hopefully) Simple Guide
Unfortunately, Inheritance Tax comes at a time when we are already having to cope with the grief of a lost loved one and having to think about this tax is a major stress to compound this. In addition, it’s a tax where some planning can be done via some simple measures if your loved one