Ever since the introduction of the 7.5% increase in the rate of tax on dividends in April 2016, it has been more tax efficient for owner managed business shareholders to pay interest on their loans to the company rather than pay themselves dividends.... Read news article
Congratulations to Simon, Andrew and the rest of the team at Torbay Clearance Services Limited for winning the 'Corporate Social and Environmental Resposibility' award at the Herald Express Business Awards 2017.
Here's what Simon had to say: "Our ... Read news article
One of my favourite stories, derived from the Covey book, The 7 Habits of Highly Effective People, is the lumberjack story.
The annual lumberjack competition was down to 2 contestants, fighting for the title ‘King of the Lumberjacks’.
The w... Read news article
The £5,000 tax free dividend allowance will be reduced to just £2,000 from 6 April 2018.
Currently, once the dividend allowance has been used the remaining dividends are taxed at 7.5%, 32.5% and 38.1% depending upon whether the dividends fall in... Read news article