As the end of the tax year approaches, it’s a great time to review your personal financial position and look for more efficient ways of managing your income. Here are our top tax tips for individuals as we approach the end of the tax year on 5th April 2020. If you want to know more, give the tax team at HB Accountants a call.
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Director’s salary or bonus?
Given current tax rates, paying a dividend rather than a salary will often be a more cost-effective way of withdrawing profits from a company.