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Company directors: What is the most tax efficient way to take money out of your business?

We’re often asked by company directors as their financial year-end approaches: “How can I take money out of my business in the most tax efficient way?” The answer is: it depends! In this article, we outline each option – salary and expenses, as a dividend, and to an extent, as a director’s loan – along with the personal tax and corporation tax implications of each option.

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Autumn Statement 2023: Full Expensing Regime Made Permanent

In the Autumn Statement 2023, the Chancellor announced that the full expensing regime has now been made permanent. This is positive news for some businesses and should promote investment. Here are the details. If you are unsure about what allowances your business is entitled to, contact us to make sure you get the full allowances to which you are entitled.

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