PAGES: 68
EDITION: 1st
ISBN: 9781907302992
STATUS: IN STOCK
Dividend Tax Planning
How to Prepare for the 2016/17 Tax Increase
In the July 2015 Budget it was announced that dividends will be taxed completely differently from 6th April 2016.
Dividend tax calculations will become simpler but the tax rates will be increased by 7.5%, with the first £5,000 tax free thanks to a new "dividend allowance".
This guide explains how the new rules will operate and what action company owners should take before the tax years ends on 5 April 2016 to reduce their tax.
In particular, we examine whether you should pay yourself a bigger dividend before the tax rates go up and how much tax you are likely to save.
Dividend Tax Planning is essential reading for:
- All company owners
- All tax advisors and accountants
What Information is Contained in the Guide?
Subjects covered include:
- A plain English guide to how dividends will be taxed from 6 April 2016 with lots of examples.
- A table showing how much more tax you are likely to pay next year.
- Other important tax changes for company owners announced in the July Budget.
- Potential future tax changes affecting company owners.
- Paying yourself a bigger dividend this year - tax traps to watch out for.
- How to maximise your tax-free dividends this year - this is the last big tax-free allowance you will get so it's important not to waste it!
- Whether you should pay yourself an even bigger dividend this year, even though 25% tax will be payable - with step by step action points.
- Why postponing some of your dividend income until next year may save you tax.
- Why higher-rate taxpayers should pay themselves a bigger dividend this year.
- ...including how one taxpayer will save £2,400 by doing exactly that.
- Why paying yourself a bigger dividend this year and smaller dividend next year could help you protect your child benefit and avoid the new 32.5% tax rate for dividends.
- ...including how one taxpayer will save £3,626 by following this strategy.
- Dividend tax planning for high income earners.
- ...including how one taxpayer will save £5,658 by taking a bigger dividend this year.
- How company owners can split their dividend income with their spouses and how much tax this is likely to save you in the future.
- Why company pension contributions will be an attractive alternative to dividends.
- The importance of paying yourself a small tax-free salary over dividends.
- How to calculate and maximise your company's distributable profits - you can't pay yourself a dividend without them!
- Sample documentation to help you pay dividends correctly.
When you order this guide you will also receive a FREE copy of How to Save Tax 2016/2017.
This comprehensive tax saving guide contains over 150 pages of tax saving tips. It is completely up to date with all the latest tax changes announced in the March 2016 Budget - essential reading for everyone who wants to pay less tax.
Please click here for more information on this excellent bonus ebook.
What Will I Receive?
- Dividend Tax Planning - Professionally printed by one of the UK's leading book printers.
- A FREE optional PDF copy of the guide, emailed immediately. This means you can start saving tax just seconds after ordering!
- A FREE copy of our new comprehensive guide How to Save Tax - packed with useful tax tips and information - emailed immediately.
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Dividend Tax Planning is now out of date.
However, all of the information on this topic is now contained in Salary versus Dividends.