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Category: Director

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Understanding your working capital to maintain business success

Understanding your working capital to maintain business success If cashflow is the lifeblood of your business, then working capital is the health check you should regularly undertake to keep your business alive. Regularly checking working capital will play an essential part in maintaining business success during these times of greater economic insecurity. What is working…
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Reduce your corporation tax bill by offsetting pension contributions

Reduce your corporation tax bill by offsetting pension contributions If you’re looking for ways to minimise your corporation tax bill, it’s worth considering if there are deductible expenses you can claim. One key area to think about is your director pension contributions, as these can be offset against your taxable profits. Pension contributions for directors…
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Are you unknowingly making illegal dividend payments?

Are you unknowingly making illegal dividend payments? We all know that dividend payments are a key way to pay yourself and your fellow company shareholders when your business makes a profit. But are you following the right rules when taking out dividends from your company? Dividends can only be declared out of your company’s available…
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Remuneration Strategy Image

Do I need a remuneration strategy?

Do I need a remuneration strategy? As an owner-manager, your chief concern will be making your business profitable and building up cash reserves in the company. But you’ll also want to be able to extract funds from the business too – whether this is via a regular monthly salary, or ad-hoc dividend payments. Salary vs…
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