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Tax efficient profit extraction is a key topic for small business owners and something that should be revisited regularly to ensure their tax position is optimised. With the recent changes to national insurance, and the previously announced tax changes that will take effect from the 2024-25 tax year, it is more important than ever to review your clients’ remuneration strategy. This webinar will provide you with an overview of the changes to be considered and practical calculations and advice that you can use to advise your clients. 

In this session Natalie Binstead-Wey will cover the following topic:

• Recently announced national insurance changes
• Previously announced tax changes for the 2024-25 tax year
• Interaction with increased corporation tax rates
• Updated salary vs dividend strategies for the 2024-25 tax year
• Other alternatives to salary/dividends

By attending this session, you will understand the upcoming tax changes for the 2024-25 tax year that might impact the tax planning and profit extraction strategies for small business owners.

This session will be of particular interest to accountants, tax advisors and small business owners. 

Course Level: Intermediate