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[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
A Good-To-Know List for Directors: As far as PAYE is concerned, a director is an employee of their company. A director is neither a self employed nor a freelance worker performing tasks for their company. Therefore a director is not eligible for the Coronavirus Grant for the self-employed. A director on payroll on 28 February … Continue reading
Phoenix Debola 