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Business Tax Book Shop |
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By Carl Bayley BSc ACA
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This unique tax advice guide shows you how extract funds from a limited company in the most tax efficient way by choosing the optimal mix of salary, bonus and dividends.
The 10th edition has just been published (July 2009) and tells you everything you need to know to save tax in 2009/10.
You will also find out how to save tax next year, when some big income tax changes will be introduced.
The guide also contains extremely comprehensive information about directors loans. Recent changes mean that loans can help you save a huge amount of extra tax by allowing you to time and structure your pay more effectively.
"After recently purchasing Salary vs Dividends just wanted to say how useful it has been in deciding on our company pay structure. The Director shareholders stand to save £10k each. Thanks. I also purchased Using a Property Company to Save Tax and after weighing everything up I recently formed a Property Investment Company with a clear understanding of the financial implications. Again, thanks for these great publications." Keith Armstrong, Derbyshire
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Salary versus Dividends is written in plain English and contains many practical examples.
Subjects covered include:
- All tax changes from the 2009 Budget.
- How to choose the very best combination of salary and dividends for YOU.
- How to extract the maximum amount tax free out your company this year.
- Why paying a small salary will SAVE you money - and why it’s worth paying some national insurance to save even more.
- The cash flow benefits of paying dividends every second year.
- How to avoid national insurance – the Government's favourite money spinner.
- Why changing your pay date can boost your cash flow.
- How to 'pay' salaries/dividends without extracting money from your company and why this could save you tens of thousands of pounds.
- How to maximise corporation tax relief on bonus payments.
- Why and how you should pay yourself extra this year.
- Directors loans - how to do it legally and tax efficiently.
- How other income you receive (rent, pensions, interest etc) affects your optimum pay structure.
- Why paying interest on a loan account is often better than salary or dividends.
- The benefits and pitfalls of paying yourself rent.
- How to structure your pay when you’re claiming tax credits.
- How to pay yourself an extra £25,000 and still claim tax credits as if you hadn’t.
- Using your spouse or partner for further tax savings.
- How to deal with minority shareholders and still make sure your pay is tax efficient.
- The best strategy for family companies owned by brothers and sisters or other relatives.
- How the national minimum wage affects directors’ pay and how to make sure it doesn’t.
- How making pension contributions affects your optimum pay decision.
- Why your company’s accounting date affects your optimal pay structure.
- Sample documentation to help you keep the taxman happy.
- The long-term benefits of maximising capital growth by reinvesting profits – keep your maximum tax rate to just 10%.
- Why paying a dividend now might save you up to £80,000 when you sell your company – up to £160,000 for a couple.
A very useful feature of this guide is a set of tables produced by our experts, using software developed in-house here at Taxcafe. These tables make choosing the optimal mix of salary, bonus and dividends a piece of cake even for those with no prior experience. Taking into account all aspects of you and your company's tax situation including income tax, corporation tax, and national insurance paid by both you personally and by your company, it has never been easier to attain an effective, efficient fund management system for your business.
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The Author of Salary versus Dividends is Carl Bayley BSc ACA. Carl's speciality is his ability to take the complex world of taxation and set it out in the kind of clear language that taxpayers can understand. Carl is also a regular contributor to TV programmes such as the BBC's It's Your Money programme and national newspaper articles on tax matters. He is a member of the governing Council of the Institute of Chartered Accountants in England and Wales.
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- We use Worldpay's renowned secure payment server to process payments. Worldpay is part of the Royal Bank of Scotland Group.
- All customers will receive a complimentary electronic copy of our comprehensive tax guide 'How to Save Tax 2010/2011' - worth £19.95.
- You will have the option at checkout of receiving a free electronic copy to read immediately. Click here to find out more
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You can also order by telephone on 0845 111 0743 Mon-Fri 9am-5pm
(Please quote reference: HRBS)
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