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This is a new 6-month scheme available from 1 November 2020 to 30 April 2020 to protect jobs in businesses that are adversely affected by coronavirus. If employees have to work less than their usual hours, the government will contribute a third, capped at £697.92, towards the pay of the unworked hours. NOTE: The government … Continue reading
[Putting this out late in the tax year (we are in August!) because so many new businesses are being started post COVID-19 lockdown.] Most tax efficient salary for directors in 2020/21 is £8,788 per annum. This equates to £732 per month or £169 per week. You may top up with dividends. HOW IS THE TAX … Continue reading
Phoenix Debola 