Taxcafe.co.uk - Essential Tax Advice Guides
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PUBLICATION DATE:  JUNE 2021
PAGES: 291
EDITION:  22nd
ISBN:  9781911020653
STATUS:  IN STOCK

Salary versus Dividends

& Other Tax Efficient Profit Extraction Strategies

By Dr Nick Braun PhD

Salary versus Dividends is essential reading for ALL company owners and directors.

The 22nd edition has just been published (June 2021) and is completely up to date.

Written in plain English with dozens of examples, this unique guide shows you how to save thousands of pounds in tax every year by choosing the best mix of salary and dividends.

It also shows you how to reduce your tax bill further by paying yourself rent and interest and using directors' loans, company pension contributions and other powerful profit extraction strategies.

Company owners can enjoy additional tax savings by 'smoothing' their income or varying it from year to year ('roller-coaster income'). This guide shows you how to use these strategies to avoid paying too much tax each year.

Nick Braun's writing has been featured in:
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What's New in the Latest Edition?

As always, the latest edition of Salary versus Dividends has been fully updated and shows you how to save tax when you take money out of your company during the current 2021/22 tax year.

This year’s edition also contains full details of the corporation tax increase and new company tax rules announced in the March 2021 Budget:

  • From April 2023 there will be three corporation tax rates: 19% (profits £50,000 or less), 26.5% (profits between £50,000 and £250,000) and 25% (profits over £250,000).
  • Higher corporation tax will make dividends more expensive. For many higher-rate taxpayers the combined tax rate (corporation tax and income tax) on dividend income will rise to 50.4%.
  • Higher corporation tax will make salaries, rental income, interest and other payments that enjoy corporation tax relief even more attractive than they are at present.
  • All of these tax planning opportunities are covered in the latest edition.
  • We also examine whether company owners should postpone certain types of spending, for example company pension contributions, so that more more tax relief can be enjoyed after the increase.

What Other Information is Contained in the Guide?

Subjects covered include:

Click here to read the full contents listing and first chapter of the book

About the Author

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Dr Nick Braun founded Taxcafe in 1999. Over the past 21 years the company has become one of the UK's best-known tax publishers and has won several prestigious business awards. Nick has been a specialist tax writer since 1989, first in South Africa where he edited the monthly Tax Breaks publication, and since 1999 in the UK, where he has authored several tax books. Nick also has a PhD in economics from the University of Glasgow, where he was awarded the prestigious William Glen scholarship and later became a Research Fellow.

 

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When you order this guide you will also receive a FREE copy of How to Save Tax 2022/23.

This comprehensive tax guide contains 150 pages of tax saving tips. It is completely up to date with all the latest tax changes announced in the March 2022 Spring Statement and all previous Budgets - essential reading for anyone who wants responsible, tried and tested tax planning ideas.

Please click here for more information on this excellent bonus e-book.

What Will I Receive?

  • Printed Book Orders - 291 page professionally printed book plus FREE PDF copy (immediate download)
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  • All Orders - A FREE copy of our bonus guide How to Save Tax (immediate download)
  • 100% Money Back Guarantee - Full refund if you are not entirely happy with your purchase
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