Remuneration planning for an owner-managed company is the extraction of profits from a family company in the most tax efficient
manner.
The choice of method, the timing and amount of remuneration required are central to this planning.
Stephenson House
Richard Street
Hetton-le-Hole
Houghton-le-Spring
Tyne & Wear
DH5 9HW
49 Front Street
Framwellgate Moor
Durham
County Durham
DH1 5BL
The most common methods of remuneration are salary, benefits in kind, pension contributions and dividends.
The timing
of remuneration affects the tax year in which the income will be taxed.
The amount of remuneration determines the tax
rates which will be applied.
At Pullan Barnes we can set out a tax efficient remuneration plan to meet your needs.
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Pullan Barnes is registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales. Details
about our audit registration can be viewed at www.auditregister.org.uk, under reference number 9175957