Who is your accountant working for?

Is your accountant working for you - or the Taxman?

I was referred to a business owner who wasn't happy with his present accountant. After a brief chat I discovered he was being advised to draw ALL of his remuneration by way of salary from the company. By doing this with his level of profits it is the LEAST tax efficient way of taking money from a company and is costing him at least £3,000 a year in tax an national insurance.

WHY IS THE ACCOUNTANT NOT TRYING TO SAVE THIS PERSON MONEY?

Because it is EASIER to do it this way and there is no risk. But it is WRONG for the client.

As an accountant and tax advisor it is my duty to make sure my clients pay as little tax as is LEGALLY possible. And by taking money from a company by a mixture of salary AND dividend this can be achieved fairly simply.

All the best

Shaun - pulling my hair out with this kind of news!

http://www.tax-sorted.biz
http://www.welovebookkeeping.co.uk