SALARY OR DIVIDENDS?
Important changes to the decision of whether to take salary or dividends are coming as from 2016.
Getting your remuneration strategy right for 2016 and beyond is at the forefront of many business owners’ and tax practitioners’ minds.
This is particularly the case following the announced changes to the ways dividends will be taxed after April 2016.
In the December issue of Business Tax Insider, Lee Sharpe looks at whether dividends will be better than salary going forward.
In this feature article he uses case studies to illustrate different taxation scenarios and gives some handy dividend planning tips.
Also, Ken Moody considers the importance of getting the share structure right when extracting profits from the company.
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