Can paying dividends reduce your Company’s tax bill?

No it can’t.  A Company pays Corporation Tax on its profits before dividends are paid out.  Consequently, shareholders are treated as having already paid some tax on their dividends but they do have 7.5% dividend tax to pay (on dividends above £2,000) and shareholders...

Transferring a business to a Limited Company

Transferring from a sole-trader or partnership, to a Limited Company is sometimes recommended by accountants for tax planning reasons or to benefit from Limited Liability and they will consider the following issues. When: Work out which side of a tax year end to...

Entrepreneurs’ Relief, what is it? And has it changed recently?

Entrepreneurs’ Relief is a reduced rate of Capital Gains Tax that applies when ones sells certain business assets; or all/part of a business; or more than 5% of shares in a small company in which you work or hold office.  It does not apply to non-business assets such...