About the Business
If your company has a Second Shareholder you are, in certain circumstances, able to split the Dividends and each be taxed separately on your share. This enables both shareholders to use the basic rate band of income tax efficiently.
VAT can be calculated and paid using various scheme like "Flat rate", "Cash Accounting", "Annual Accounting"or "Retail Scheme. Even retail scheme is containing subdivision.
If you believe that your personal income for the year, which will include Directors' Fees, gross dividends and other income, will take you over the higher rate threshold, you will have a higher rate Personal Tax bill to pay once your Self-Assessment return is completed. With effective tax planning you can reduce or eliminate this liability through your pension contributions.
Location & Hours
46 Yates Avenue
