Indicator- FL Memo online
 
Our products

Indicator - FL Memo

Company Directors - Tax-efficient Ways to Get Paid

A Handy Guide about... 

In a nutshell

This book shows how to increase your net income through proper tax planning. It features legally safe ways to save tax on all your dealings as a director. Instead of focusing on schemes, it explains in simple to follow steps how to claim all your entitlements.

In detail

Being a company director brings many challenges. But it can also bring plenty of rewards. To ensure HMRC doesn't run off with the lion's share of your hard-earned income, our team of experts have put together this book. It covers:

  • Tips to make the best use of remuneration strategies such as
    • Salaries, dividends and benefits
    • Pensions
    • Company loans
    • And much more...
  • Vital strategies to save on
    • Income tax
    • National Insurance
    • Capital gains tax
    • Inheritance tax

In recent years the government has taken an increasingly aggressive approach to tax-saving schemes and arrangements. With all the key facts and worked examples this book offers, you'll see how to maximise tax and NI-saving opportunities while staying off HMRC's radar.

We've created this Handy Guide especially for... 

Company directors that want to:

  • Minimise tax and NI in a legitimate way
  • Increase their net income
  • Make the best use of remuneration strategies

Financial advisors that want to:

  • Help their clients take income from their company in the most optimal way

The most important updates to this new edition include… 

  • Dividends under the post-5 April 2016 regime
  • Changes to the employment allowance
  • The new expenses exemption
  • Capital allowances – the £200,000 annual investment allowance
  • Trivial benefits – the new exemption
  • Employee share ownership contracts
  • The latest on entrepreneurs' relief planning
  • Pensions freedom – contribution and savings under the new rules
  • Reducing inheritance tax by giving to charity

In this Handy Guide you'll read about...

Table of contents

Introduction

1. Salaries

1.1. A director’s perspective

1.2. Minimum salary, the NMW and the NLW

1.3. Salary waiver

1.4. Spouse’s/family members’ salary

1.5. Year-end bonus

1.6. National insurance employment allowance

1.7. Key points

2. Benefits and expenses

2.1. A director’s perspective

2.2. Tax relief for the company

2.3. School fees

2.4. Moving home

2.5. Cheap loans

2.6. Second company car

2.7. Van still cheaper?

2.8. Computers, widescreen televisions, MP3 players, etc.

2.9. Childcare vouchers

2.10. Travel and subsistence costs

2.11. Minor and trivial benefits

2.12. Key points

3. The use (and abuse) of dividends

3.1. A director’s perspective

3.2. Timing payments of dividends

3.3. Dividend waivers

3.4. Separate classes of shares

3.5. Dividend income for a spouse

3.6. Dividend income for children

3.7. Key points

4. Pension scheme strategies

4.1. The director’s perspective

4.2. The tax-advantaged pension scheme

4.3. Corporation tax relief for your company

4.4. Salary sacrifice option

4.5. Contribution without earnings

4.6. Ownership of the company’s assets

4.7. Pension fund borrowings

4.8. Contribution for a spouse

4.9. Baby pensions

4.10. Key points

5. Financing the company

5.1. The director’s perspective

5.2. Claiming interest on loans to buy shares

5.3. Company borrows to acquire assets for your use

5.4. Interest on shareholder loans to the company

5.5. Seed enterprise investment scheme

5.6. Key points

6. Capital allowances

6.1. A director’s perspective

6.2. Timing

6.3. Making the most of the annual investment allowance

6.4. Assets specifically qualifying for a 100% tax deduction

6.5. Hidden allowances

6.6. Key points

7. Buying another company

7.1. The director’s perspective

7.2. Assets or shares?

7.3. Allocation of purchase consideration

7.4. Hive-downs

7.5. Tax due diligence

7.6. Insist on a tax indemnity

7.7. Losses

7.8. Borrowing costs

7.9. Stamp duty

7.10. VAT

7.11. Buy-to-sell shares

7.12. Termination payments

7.13. Deferred consideration

7.14. Key points

8. Reorganising shares

8.1. The director’s perspective

8.2. Gifts of shares to spouse

8.3. Gifts of shares to family members, employees, etc.

8.4. Gift holdover relief

8.5. Preventing unnecessary employment tax charges

8.6. Employee share ownership contracts

8.7. Purchase own shares

8.8. Key points

9. Succession planning

9.1. The director’s perspective

9.2. Preserving business property relief

9.3. Passing on shares to the next generation

9.4. Pre-owned assets (POA) tax

9.5. Business premises held by you

9.6. Key points

10. Selling your company

10.1. The director’s perspective

10.2. Timing

10.3. Sale of assets and trade

10.4. Sale of shares

10.5. Pre-sale tax planning strategies

10.6. Deferred consideration

10.7. Using a profit warranty

10.8. IHT

10.9. Warranties and indemnities

10.10. Anti-avoidance

10.11. Key points

11. Winding up your company

11.1. The director’s perspective

11.2. Capital distribution

11.3. Availability of entrepreneurs’ relief

11.4. Last minute dividend?

11.5. Share capital on liquidation

11.6. Phoenix companies

11.7. Key points

12. Going offshore

12.1. The director’s perspective

12.2. Your own offshore accounts/assets

12.3. Your company’s offshore interests

12.4. Costs and compliance

12.5. Offshore jurisdictions

12.6. Offshore friends

12.7. Keeping secrets

12.8. Benefiting from the arrangement

12.9. When selling your UK company

12.10. Key points

13. Trusts

13.1. The director’s perspective

13.2. The post-2006 trusts regime

13.3. Use of trusts

13.4. Tax implications of creating a trust

13.5. The various trusts available

13.6. Key points

14. Income tax planning

14.1. Introduction

14.2. What’s tax free?

14.3. Getting your allowances

14.4. Avoiding the high income child benefit tax charge

14.5. Children’s income

14.6. Overseas income and offshore bonds

14.7. Independent taxation

15. Capital gains tax planning

15.1. Introduction

15.2. What is free from capital gains tax?

15.3. How it works

15.4. Entrepreneurs’ relief

15.5. Losses and gains

15.6. How to avoid the bed and breakfasting rules

15.7. Flipping between your main residence and your second home

15.8. Selling your garden

15.9. CGT and death

15.10. Further timing issues

15.11. Gifts to charity

15.12. Enterprise investment scheme (EIS) and rollover schemes

15.13. Seed enterprise investment scheme (SEIS)

16. Inheritance tax planning

16.1. Introduction

16.2. What is tax free?

16.3. The nil rate band

16.4. The seven-year rule and taper relief

16.5. Gifts with reservation

16.6. Keeping value outside your estate

16.7. Skipping a generation

16.8. Two nil rate bands for spouses

16.9. Properly drafted wills

16.10. Changing someone’s will after they have died

16.11. The use of trusts


16.12. Reduce your IHT bill by giving to charity

17. National Insurance planning

18. Year-end tax planning

Company Directors - Tax-efficient Ways to Get Paid

  • Increase your net income through proper tax planning
  • 100% legally safe strategies
  • Easy-to-apply advice and solutions
  • 168 pages
  • Free UK delivery


Offer
Pages

 

 

Paper

Special subscribers' offer

£74

£54.00

Only if you already have a subscription
168

Standard offer

 

£74.00

168
 

Received a special offer?


Got a question?
Call Customer Services

(01233) 653500