As a business owner, you need to be able to extract funds from your business in the most efficient way. If you extract all available funds each year in the form of a salary, you may be paying more tax than is necessary. Business owners should consider paying themselves, and maybe other shareholders too, in the form of a dividend.
Other ways to extract funds from your business are bonuses and rent. By getting the right mix of salary, dividends and bonuses, you could make considerable tax savings. Contact our expert team of accountants in Twickenham and we can help you to manage your finances in the most tax efficient way.
Don’t forget that Harnett Accountants Twickenham offer a free one hour, no-obligation consultation for all clients and you can follow us on Twitter, Facebook and Google+. Additionally, you can keep reading our daily blogs.
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