At Parker business development we provide businesses with Tax planning
solutions that have technical merit and we also help produce business and
strategic objectives that are manageable. There are many taxes that have to be
thought about and they all interact with each other in one way, this is where tax
planning comes into it as this helps businesses watch out for pit falls and
potential tax problems. One such soloution which we may suggest is:
Tax planning - Tax efficient Remuneration
Have you ever thought what difference to your tax bill
you could make if you could better plan the way your company or yourself
got paid? Here is an example:
There are two shareholders and directors working in a business.
Each receives a salary of £35,000 per year. Profits before salaries
total £80,000. In this real life example a total tax saving of £13,516
in total has been achieved by restructuring their personal remuneration.
As this saving is repeated every year they can expect a saving of £67,580
over five years.
Click here to visit the Parker Business Development website