This is intended for a company director and their spouse/partner (if employed by the company).
The three figures for each month are:
1. Monthly salary
2. Monthly dividend
3. Personal tax bill
Resources
Proactive Business Planning
Your filed accounts will be a window into your company for lenders, suppliers and potential partners. They must see your business in the best possible light – the key to achieving that is in proactive planning.
Simple blocks to grow your business
Remuneration Planning for Company Directors in 2022/2023
This is a first for me. I’ve been in accounting since 1993 and never before have tax rates been altered mid-year. So why now? The Chancellor is bringing in new National Insurance rates but has deferred their implementation to July. This is to give payroll software providers an opportunity to get their systems up to […]
The ups and downs of spring statement 2022
The Chancellor of the Exchequer, Rishi Sunak, delivered his Spring Statement on Wednesday 23 March 2022. In this article we outline the key measures affecting our clients. National Insurance Contributions (NICs) Despite lobbying to delay the upcoming 1.25% increase in NICs payable by employees, employers and the self-employed, the government has decided to go ahead […]
Why you need to outsource your finance function and how to go about it…Part 3
Using your finance function as a tool to manage your business. Welcome to the third and final part of my series detailing everything you need to know about outsourcing your finance function. Read part one, or part two here. In this part, we’re going to look at how an outsourced finance function can become one […]