Claire Trott: Extracting company profits with maximum efficiency

Three options available

clock
Claire Trott: "Although it can be relatively easy to justify a pension contribution on the numbers alone, holistic planning requires a deeper understanding of clients' circumstances."
Image:

Claire Trott: "Although it can be relatively easy to justify a pension contribution on the numbers alone, holistic planning requires a deeper understanding of clients' circumstances."

Extracting profit from a company at the end of the tax year is a process with many moving parts, writes Claire Trott. Here she explores the three options available

As we approach the tax year-end there will be companies that have made a profit this year and will want to extract these profits in the most tax-efficient way. There are three options available: ta...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Tax Planning

Curtis Banks chief executive Will Self steps down

Curtis Banks chief executive steps down

With immediate effect

Jenna Brown
clock 09 August 2022 • 1 min read
Andrew Aldridge: "Venture capital investing is of course to be considered as high risk, but if introduced to well-diversified portfolios then it can be effective without overstretching the total portfolio's risk level."

Andrew Aldridge: How advisers can use venture capital to target long-term above inflation

EIS opportunities

Andrew Aldridge
clock 08 August 2022 • 3 min read
Richard Burgess: "Gifts made for tax-saving purposes are unlikely to be considered in the donor's best interest and consequently should not be made without the permission of the court."

Richard Burgess: Attorneys should always look 'gift horses in the mouth'

LPAs and gifting explained

Richard Burgess
clock 04 August 2022 • 4 min read