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You can book this course by using the booking form above. The booking will be confirmed by e-mail.
Tax efficient extraction of profit from companies and tax efficient remuneration The tax-efficient extraction of profit from the family company has become more and more important as tax rates are rising. This course explores the current best techniques to ensure that you know the most tax-efficient routes, and draws its contents from: Incorporation: is it the best option for your client? – Would a sole trader or partnership status be preferable? – Revenue extraction: bonus vs. dividend vs. salary vs. pension – Timing of payments – Dividend waivers – Payments to family members – Capital extraction – Update on definition of a business asset – Retirement planning – New pension rules – Possible income shifting considerations – Use of corporate losses Tax planning for the family and retirement (marriage, separation, divorce and death and everything inbetween) This course updates delegates on the current tax situation affecting the taxation of the family. The course draws its contents from: Income tax issues – Tax Credits – National Insurance – Passing wealth down the family – Providing for dependents – Inheritance tax – Transfer of the family home – Tax issues relating to dependant grandparents – Use of tax exemptions – Use of trusts in family tax planning – Payment of school fees – Husband and wife transfers – Marriage, separation and divorce – Tax issues on death. Tax problems associated with retirement – Maximising pension contributions – Phased retirement and income withdrawals from pension plans – Tax considerations for pensioners – IHT issues. The exact contents are set about four weeks before the course date and are shown on www.smarttraining.co.uk
