Efficient Reward Strategies
Each case is individual to the particular circumstances but we aim to ensure your reward package is as tax efficient as possible.
We aim to make your drawings as tax efficient as possible and will:
- Review your shareholding structure to identify scope for payment of dividends
- Structure remuneration and dividends to benefit you and your fellow shareholders
When you run your own business you have the flexibility to extract your reward in a way of your choosing rather than purely as salary. But how do you decide what form this should take?
As an experienced firm of Tax Advisers in Essex, we are able to sit down with you and discuss your options and decide which best suit your needs. This will include some salary so that you have a qualifying year for state pension purposes plus dividends maybe some interest on a loan account and business use of your own property.
We will run through with you your options as regards motor cars, medical and other expenses which can be taxed on you as benefits in kind. Depending upon your level of business mileage and type of vehicle you will need to understand whether the company should provide your car or you do so personally and then complete a mileage log and reclaim costs from the business.
Each case is individual to the particular circumstances and our partners and staff expect to try and ensure that your package is both most appropriate and tax efficient to your needs.
Meet The Experts
Tax-efficient advice for limited company directors.
Post-lockdown it seems we are all busier than ever, keeping up to date with daily tasks, responding to communication and liaising with staff, clients and customers, but even while extremely busy, it’s still vitally important to consider tax planning not only from a...
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Contact us today to find out how we can help and let us provide a tailored quotation suitable for your business.