Hi,
I need some help here -
We run our company with a credit balance in the bank. At the start of the year we
give all the directors salary/dividends or only dividends so we all stay under the 40%
tax bracket. Our company was not liable for IR35 so with the introduction of ir591
are we better flattening the cash reserves and taking the exta personal tax hit or
just keep doing what we do and pay the 8% extra next year?
Thanks
Kobie.
I need some help here -
We run our company with a credit balance in the bank. At the start of the year we
give all the directors salary/dividends or only dividends so we all stay under the 40%
tax bracket. Our company was not liable for IR35 so with the introduction of ir591
are we better flattening the cash reserves and taking the exta personal tax hit or
just keep doing what we do and pay the 8% extra next year?
Thanks
Kobie.
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