A key area of tax planning for business owners is how profits are extracted from the business. There are many ways to extract profits. Salary, dividends, loans and pension contributions can all form part of the mix, as well as a few other more unusual options. Re-structuring shareholdings can also play a part to extract profits efficiently. Getting the mix right and the timing of any profit extraction should always be a part of any tax planning for a business owner. As the savings can be significant it’s an area to make sure you’re taking control in.
Talk to us now for a review of the way in which you extract profits from your business.
Get in touch
Whether you're setting up, growing or selling your business, if you want award winning accountancy, business and tax advice call us on 01628 770 770 or complete our enquiry form: