Can anyone tell me where I could find more information on how to extract profits from a limited company in the most tax-efficient way? I have been told that for a higher rate tax payer, it is beneficial to have a smaller salary and then pay dividends every six months. The company in questions would be expected to reach profits of £100,000 to £200,000 in the first 12 months of trading
Anybody have any recommendations for any books or websites with further advice?
I've come across one author, Carl Bayley who seems to have 2 books that are very similar "Bonus versus Dividends"
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and another one called "Tax Efficient Profit Extraction"
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Has anybody read either of these books? They sound very dubious at £20.00 each and the smiliar sounding titles he has on Amazon which kind of suggests the books are along the lines of "How to make millions on eBay". Any further advice would be gratefull received.Thanks, Alex