Now it is understandable that directors wish to be remunerated in the most tax effective way and commonly they will be advised to pay a minimal salary and then draw the balance as dividends. This advice is absolutely fine whilst the Company is making profits and has distributable reserves.Continue reading
When you get right down to it most of us put on a ‘do’ every year but is it actually appreciated? Or are we just doing it out of duty? There is a sense of tradition in the office party I suppose. Whether it is a meal and a disco at a hotel, a black tie formal affair, or a few drinks and a buffet in the office we tend to see it as part of the Christmas cavalcade.
Of course we want to say thank you to the staff for their hard work and throwing a little celebration around the Christmas period is a great way to do this. But how often do we throw money and resources at this annual event only to wonder if anyone actually wanted it? Here are some suggestions to mix things up and maybe avoid a little bit of the financial sting over the festive season.Continue reading