Salary versus Dividends & Other Tax Efficient Profit Extraction Strategies 2022/23

Publication date: November 2022 - Plain English guide with dozens of examples and tax planning tips.

Now in its 23rd edition, Salary versus Dividends is essential reading for ALL company owners and directors.

It tells you everything you need to know about paying yourself the most tax efficient mix of salary and dividends.

This edition contains full details of the forthcoming corporation tax increase and all tax announcements made in the November 2022 Autumn Statement.

The guide also contains fully updated information on the best alternative profit extraction techniques:

• Directors loans - how they can be used to defer tax for an extra two years and sometimes to save tax.
• Pension contributions - Why company pension contributions are often better than dividends.
• Rental income - Why rent is now better than dividends in many cases.
• Interest income - How company owners can pay themselves up to 6,000 tax-free.
• Charity - Who should donate: you or the company?
• Capital Gains - How to pay 10% tax when you sell or wind up your company.
• How to pay 0% tax when you sell your company to an employee ownership trust.

These alternative techniques are becoming even more attractive as corporation tax increases.

There's also information on splitting income with your spouse and children and other tax saving strategies.