Course Details

Extracting funds from the company tax efficiently is an issue that faces almost every small company owner. The complex interplay between corporate and personal tax is made even more confusing by the many reliefs, exemptions, thresholds, and allowances involved. Add to that the fact many companies are currently facing transitional rules that mean their marginal corporation tax rate may be different every year for three years, and it becomes a complete minefield. The goalposts are shifting almost daily, and you need to be ready to advise your clients on the best course of action.


In this session, Carl Bayley will cover:

  • The taxes to be considered, together with the relevant reliefs, exemptions, and thresholds
  • Simple ‘salary versus dividend’ strategies to provide the most tax efficient outcome in the majority of cases
  • The SIX circumstances where salaries greater than the personal allowance are more tax efficient
  • Paying spouses, partners, and other family members
  • Better alternatives to dividends: rent, interest, and pension contributions
  • Using directors’ loan accounts tax efficiently

 

By attending this session, delegates will be able to advise company owners on the most tax-efficient profit extraction strategy under almost any circumstances.

 

The session will be of benefit to general practitioners, tax advisers, accountants working in business, and accountancy students.

 

Course Level: Intermediate

CPD Course Speaker

BSc FCA, Author and Presenter

Carl Bayley

Carl Bayley is the author of a series of plain English tax guides designed specifically for the layperson and the non-specialist (available from www.taxcafe.co.uk). His particular speciality is his ability to take the weird, complex, inexplicable world of taxation and set it out in the kind of clear, straightforward language taxpayers themselves can understand. Carl takes the same approach when speaking on taxation, a role he frequently undertakes with great enthusiasm, including his highly acclaimed annual ‘Budget Breakfast’ for the ICAEW. He has spoken on taxation on radio and television, including the BBC’s ‘It’s Your Money’ programme and BBC Radio 2’s Jeremy Vine Show. Carl is a past Chairman of the Tax Faculty of the ICAEW and former member of the Institute’s governing Council and Board. Aside from his tax books, Carl is an avid creative writer. His first novel, Trinity of Souls, was published in 2024, with his second, Destiny of Souls, following in March 2025. When he isn’t working, he takes on the equally taxing challenges of hill walking and horse riding: his Munro tally is now 106 and, while he remains a novice rider, his progress is cantering along nicely. Carl lives in the Scottish Borders, where he enjoys spending time with his partner, Linda.