salary

This tag is associated with 2 posts

I’M THE BOSS – WHAT SHOULD I PAY MYSELF?

[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

Are you sure of your worker’s employment status?

Is your self employed worker really self-employed? How do you know? Should he/she be on your payroll? The onus might be on you to educate yourself on your worker’s employment status regardless of what he/she claims. Ignorance of tax law is not an excuse when the inspector pays you a visit. Ensure you are on … Continue reading

Enter your email address to receive notifications of new posts by email.

Join 820 other followers

Recent Posts

Follow Phoenix Debola on WordPress.com