It’s generally more tax efficient for a director shareholder to extract the majority of profit from a company as dividends rather than take it as a salary. But what if the company is undertaking R&D? Is this still the optimum remuneration strategy?Read More
HMRC’s tax receipts from investigations into small and medium-sized businesses have increased by 31% in the last year. “Compliance” investigations into SMEs raised £565m for HMRC in 2012-13, up from £434m in 2011-12.