by Mark Phillips | Apr 11, 2023 | Family Business, accountancy, Business Owner, director, dividends, hmrc, Income Tax, making tax digital, MTD ITSA, Profit Extraction, tax, tax rebate
Accountants Chester – Tax Tip No. 14 A popular profit extraction strategy is to pay a small salary and to extract further profits as dividends. Accountants Chester – Why pay a salary? There are a number of benefits of paying a small salary in order to take...
by Terry Phillips | Apr 3, 2023 | dividends, accountancy, Business Owner, director, Income Tax, MTD ITSA, tax, tax rebate
Accountants Chester – Tax Tip No. 13 Accountants Chester – Taxation of dividends in 2023/24 If you have a personal or family company, taking dividends is a popular and tax-efficient way to extract profits. However, while they remain tax efficient, recent...
by Mark Phillips | Mar 13, 2023 | alphabet shares, dividends, Income Tax, Shares, tax, tax rebate
Accountants Chester – Tax Tip No. 9 In an alphabet share structure, each shareholder has a different class of share. For example, one shareholder may have A ordinary shares, another B ordinary shares, another C ordinary shares, and so on. The benefit of an...
