Extracting funds from a family company without retained profits
Many family companies have struggled as a result of the COVID-19 pandemic and may no longer have any retained profits.…
Read more
Optimal salary for 2020/21
A popular profit extraction strategy for personal and family companies is to pay a small salary and to extract further…
Coronavirus Job Retention Scheme: further clarification
Coronavirus Job Retention Scheme: further clarification HMRC has updated its guidance on the grants available under the Coronavirus Job Retention…
Sole directors and the Coronavirus Job Retention Scheme
Sole directors and the Coronavirus Job Retention Scheme There are over a million sole director/shareholder owner-managed limited companies in the…