Many owners of small companies pay themselves a small salary and the rest as dividends. For years this has been a really efficient way to pay yourself…
…But the Summer Budget of 2015 introduced a new tax of 7.5% on dividends paid from April 2016.
For someone taking a dividend of £40,000 the additional tax is over £2,000!
To help our clients (and those who’d like to be one of our clients!) we’ve put together a 30 minute webinar with lots of ideas you could use to reduce the impact on you and your business.