Tax-efficient income from your company
There are broadly three ways to extract income from your company but none of them is singularly the most tax efficient. What factors should you be considering when deciding which
Binox Blog
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Pros and cons of employing family
Pros and cons of employing family. Sharing your business income with your family is good for them and can be tax efficient for you. However, you might have to justify
Sell your shares to your spouse to save tax
Giving a share of your business to your spouse can reduce the tax bill on its profits. Alternatively, you could sell part of the business to them which can save
Clearing a director’s loan account tax efficiently
Writing off an overdrawn director’s loan account can be tax efficient. The trouble is it can come with a large NI bill. Is there a more tax and NI efficient
Staying away the tax efficient way!
If you have to travel on business HMRC accepts the cost as a tax deductible expense. However, it argued the opposite in a high profile tribunal case. Why and what
Working from home – what’s the tax position when you sell?
You switched from working in the office to working at home a while ago. You’ve heard that this can result in a tax bill if you move home, is that
