Wokingham Accountants
If you operate your business as a personal or family company, you will need to extract some or all of the profits if you wish to use them personally. When it comes to tax, not all profit extraction methods are equal. While personal circumstances will dictate the most efficient way for you to extract profits, … Read more
Find out how to make use of the tax exemption for employer-provided cycles to enjoy a tax-free commute to work.
Salary vs Dividends – 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 should be the salary be set at to ensure the strategy remains tax efficient? As well as being tax effective, taking … Read more
