Optimising pay structures for tax-efficient remuneration

Tax-Efficient Business Remuneration Strategies

By holistically reviewing your own and the company’s financial position, your income requirements and the available reserves of the business.

We can assess whether a combination of salary, dividends and benefits is the most tax efficient way of remuneration, comparing the cost to the company and the ‘cash in hand’ to each employee/office holder, and help you to understand the differences.

We will advise on the minimum salary required to ensure national insurance credits for state pension purposes, requirements for national minimum wage legislation and ensure all relevant filings are met. This may be payroll assistance, dividend meeting minutes and provision of dividend vouchers.

Where benefits in kind are provided, we can advise or a whole range of ‘non-cash’ perks, from tax efficient company cars and vans to private medical insurance and gym membership. Where directors loan accounts are overdrawn, we will ensure that the correct tax returns are completed, and the tax and national insurance is reported to HMRC.