Business owners who are paying private school fees for their children’s education often ask if there is a more tax efficient way of structuring their affairs to meet this cost.

In this month’s Tax Tip we consider the circumstances in which minor children could hold company shares (directly or via a Trust) and use dividend income to pay these fees.

With the advent of dividend tax, drawing more than one salary is often advantageous as an alternative to dividends, even if this triggers some personal tax.

In this month’s Tax Tip we look at the tax savings available by taking salaries from multiple companies, and the pitfalls to watch out for.

Employer funded relevant life insurance can provide a useful tax-free benefit for company owners, with the company usually also able to save tax on the premiums.

In this month’s Tax Tip we look at the possible tax savings available with relevant life insurance, as compared to normal life cover, and how you can benefit.

If you pay your employees (or Directors) subsistence payments, the rules have always been a bit of a minefield where such payments are not supported by receipts.

In this month’s Tax Tip we re-cap the benchmark allowance rates and take a look at the revised conditions for making these payments without attracting tax or NIC.

New rules relating to the tax treatment of providing trivial benefits to employees came into force from April 2016, with most trivial benefits being exempt from tax.

In this month’s Tax Tip we take a look at what constitutes a trivial benefit and how you can make best use of the rules for both employees and Directors.