Each year the SAS Accounting team publishes a new guide outlining how companies can make director’s pay packages as tax efficient as possible, balancing the split between dividends and PAYE salaries to consider varied tax treatments, allowances and National Insurance.With ...
Tax Changes to Be Aware of From April 2023
February 2, 2023
Over the last few months there have been multiple changes related to various taxes, with reversals and revisions that have made it difficult for many businesses to understand how their tax obligations will change, and what that means for the new tax period from April.In this...
Autumn Budget Update
November 17, 2022
The delayed autumn budget has been the topic of much speculation over the past few weeks – and although we expected many of the announcements, we now have clarity over the changes being made and when they will take effect.
Chancellor Jeremy Hunt worked through a series of ...
Calculating the Optimal 2022/23 Director's Salary
March 29, 2022
Although we've mentioned this briefly in our guide to Preparing for the 2022 Tax Year, we've created this more detailed post to explain how the ideal director's salary is calculated for the 2022/23 tax year.
In the year ahead, the optimal payroll structure for company d...
Each tax year, directors need to make decisions about how to structure their remuneration. Typically, that includes a basic salary and dividends.
The optimal salary depends on several factors:Whether they have additional income or employment.Their income tax bracket and appl...
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