When it comes to extracting profit from your business, it can be hard to know how best to minimise your tax liabilities, but Green & Co are experts in this area and can provide you with the most tax-efficient solutions.
We ensure you receive as much cash in your pocket as is tax-efficient, but also consider the following:
A good way of minimising the PAYE and National Insurance (NI) that you incur, we provide advice on minimum salaries for directors.
We look at dividends as a key way to extract money from your business, as they are by far the most tax-efficient way to do this.
We advise on pensions for long term planning, meaning that you start saving now for your retirement.
We supply guidance on these government-backed schemes that provide income tax relief at 30% of the amount invested, and are a great short-term option.
We help you decide if investing in business premises suits you as another tax-efficient means of extracting profit from your business.
Re-investing in the business
We analyse the benefits of re-investing profits back into your business, until the day you realise the profit upon sale.
Please contact us to arrange a free initial consultation to discuss extracting profit from your business.