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July 2009

Tax efficiency & the minimum wage

Tax efficiency & the minimum wage30th July 2009
If you run your own limited company then it is likely that you are earning a relatively low salary and drawing most of your income via dividends in order to reduce your tax liability. If, like many business owners, you are working more than 35 hours per week, your hourly rate of pay will be lower than... Read More

Concerned about your July payment on account?

Concerned about your July payment on account?2nd July 2009
The end of July is the time when self employed business owners and some higher rate tax payers are likely to need to make a second payment on account for 2008-9 tax. Many will find this difficult in the current climate. If your business' performance was worse in 2008-9 than in 2007-8 then it is possible... Read More

a little tax tip

Remember that dividends are paid after allowing for Corporation Tax. More ...

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