As the weather gets a little colder it’s good to keep warm indoors and celebrate the season of goodwill. It’s also a time to enjoy staff parties, give Christmas bonuses and some well-deserved annual awards.
[continue reading…]tax free
Readers question: As a director of my Limited Company, the majority of my income comes from my contracts, plus my properties and land. Can I still take a £2,000 dividend tax-free regardless of my other earnings which take me to the 40% threshold?
At this time of year, you may well be planning parties, awards and gifts for staff and customers. As you do this are you checking that you are making the most of the available Christmas tax reliefs or ways to leverage your money this Christmas?
It is not a widely known fact, but company directors can receive statutory redundancy pay from their limited company under certain circumstances. If your company becomes insolvent and has to be liquidated, whether this happens on a voluntary basis or forcibly via a creditor’s winding-up petition, you may be eligible to make a claim.
