Tax Planning Idea - Dividends v salary?
Dividends v salary?
It is generally more tax efficient for shareholders to take a small salary with the remainder as dividends rather than receiving all their remuneration as salary. There are various factors to be considered in this regard, for example if your business carries out R&D this can have an impact, so advice should be sought.
As always, the key to successful tax planning is to seek advice as early as possible.
If you would like more information, or would like to discuss your tax affairs in more detail, please don't hesitate to contact our Tax Partners, Steve Crompton or Lucy Williams, on the details below:
Partner – Head of Tax
direct dial: 01942 292541
mobile: 07790 840394
direct dial: 01942 292543
mobile: 07807 053494