Tax Effective Cash Extraction for OMBs - An Update

Introduction

The tax-free dividend allowance has been significantly reduced to £500 and increased rates of income tax are coming into force for dividends soon.

This updated virtual classroom session will review the latest principles and practical points on tax effective extraction of accrued profits for SME owner managers.

Consideration will also be given to the changes in tax rates on dividend income and the interaction of this with the current corporation tax regime.

What You Will Learn

This live and interactive session will cover the following:

• The changes in tax rates on dividend income
• The current corporation tax regime
• Cash extraction alternatives for the owner manager
• The overall cash/tax impact of the various options
• What the future may hold
• The current impact of both income and capital tax reliefs

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.