Director’s Tax Efficient Salary for Owner Managed Companies in 2021/22

A tax efficient salary and dividends are how many directors of owner managed businesses choose to pay themselves. Many directors structure their remuneration this way is to maximise tax efficiency by minimising the tax payable on the money they withdraw from their company. What’s the Most Tax Efficient Director’s Salary in 2021/22? Sole directors – …

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Coronavirus Extension of Furlough Scheme and Additional Restrictions

The Government announced on 31 October 2020 a further lock down for England commencing on 5 November 2020 to 2 December 2020.  Many businesses will be required to close during this period. We empathise with many businesses where this will have a significant detrimental effect.  We recommend businesses review their cash position and key areas …

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Coronavirus Job Support Schemes

Last Updated: 5 April 2021 Coronavirus Job Retention Scheme – EXTENDED UNTIL THE END OF SEPTEMBER 2021 (Previously March 2021) The government’s Coronavirus Job Retention Scheme (CJRS) has been extended until the end of September 2021. Key points regarding the extended scheme: Neither the employer nor the employee needs to have previously used the CJRS …

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Government’s Coronavirus Winter Economy Plan

Coronavirus Winter Economy Plan

The chancellor Rishi Sunak announced the government’s plan to protect jobs and support businesses over the winter months on 24 September 2020. The announcements included the following: A new Job Support Scheme An extension of the Self Employment Income Support Scheme Tourism and hospitality sector VAT cut extension Coronavirus Loan payback terms extended Coronavirus Job …

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