PAGES: 314
ISBN: 9781907302299
STATUS: IN STOCK
Salary versus Dividends
How to Extract Company Profits and Cut Your Tax Bill By Thousands
This unique tax advice guide shows you how to extract funds from a limited company in the most tax efficient way by choosing the optimal mix of salary, bonus and dividends.
The 11th edition of Salary versus Dividends has just been published (September 2010) and is completely up to date.
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.
What Information is Contained in the Guide?
Salary versus Dividends is written in plain English and contains many practical examples.
Subjects covered include:
- All tax changes from the June 2010 Budget.
- How to choose the very best combination of salary and dividends for YOU.
- How to extract the maximum amount from your company this year tax free.
- 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 £900,000 when you sell your company – up to £1.8 million for a couple.
A very useful feature of this guide is a set of tables that make choosing the optimal mix of salary and dividends relatively straightforward and take account of all the income tax, corporation tax, and national insurance paid by both you and your company.
About the Author
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.What You Will Receive
- A professionally printed book.
- A FREE optional PDF copy of the guide, sent immediately to your inbox. This means you can start saving tax straight away!
- A FREE copy of How to Save Tax, our comprehensive general tax guide, emailed immediately. Click here for more information.
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