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Month: April 2021

Tax tips

Personal and family companies – Optimal salary for 2021/22

3 April 20213 April 2021Cris Cox

A popular profit extraction strategy for shareholders in personal and family companies is to pay a small salary and to extract further profits as dividends. The optimal salary will depend on whether the employment allowance is available to shelter any employer’s National Insurance liability that may arise. Preserving pension entitlement One of the main advantages…

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