Steve Livingston

Author Archives: Steve Livingston

5. Dividend Tax Optimisation – Part 1

In this video we dig deeper into tax strategies for using dividends as part of your overall remuneration mix as a UK Director shareholder.

Tax Efficient Remuneration Strategies for UK Directors​

Areas we cover include:

  • Dividend tax rates (hint: different to salary income tax rates)
  • ​How dividends can be structured tax efficiently alongside salary
  • Different scenarios for optimising tax savings

You can listen to the audio version below and subscribe via iTunes to pick up the entire series.

4. Dividend Mechanics – How dividend tax rates apply?

Here's video number four in which we dig a little deeper into the tax rates and allowances that apply to dividends:

Tax Efficient Remuneration Strategies for UK Directors

You can access the audio and subscribe via iTunes below:

3. Optimum Salary Solutions – Personal Allowance v NIC threshold?

In this third video, we look at how the personal allowance and national insurance thresholds need to be considered when structuring the optimum salary for UK director shareholders in the tax year to 5 April 2018.

You can access the audio or subscribe via iTunes below:

2. What are the key tax thresholds for paying myself tax efficiently (2017-18)?

Tax Efficient Tax Remuneration Strategies for UK Directors (2017-18)

This is the second video in a series that considers the options for UK director shareholders looking to plan their remuneration strategy for the 2017 - 2018 tax year to ensure that they don't overpay tax.

​In this video we look at the the relevant thresholds for income tax and national insurance contribution purposes - and how they interact...

You can listen to the audio version here and subscribe to the series via iTunes:

1. How Can I Pay Myself Tax Efficiently from My Company?

Tax Efficient Remuneration Strategies for UK Directors (2017-18)

Here is a kick-off video for a short series on Tax Efficient Remuneration Strategies for UK Director shareholders.

In this video we cover the fundamentals around:

  • Ways in which Directors can extract funds from their company?
  • A summary of the different tax implications for each different way of extracting funds
  • Areas we will be focusing on for tax efficient remuneration strategies over the course of this series of 7 videos​

You can download the audio version below and subscribe to the series on iTunes:

14+4 = 18 (v Brexit)

For all the naysayers and dooms-day Brexiteers out there, here’s one for you:

“14+4 = 18”

So the theory goes that the land cycle has run to this formula over the past 200+ years of recorded history. Research suggests that the economy follows the value of land (theory of economic rent… and all that!).

More specifically the theory is that the land cycle has followed a period of 14 years up (until it hits its peak) and then four years down (14+4); and this cycle has repeated itself over the past 200+ years. So this cycle repeats every 18 years or thereabouts.

You can watch Phillip Anderson (a big time proponent of the 14+4=18 theory) explaining it here:

You can see an example of the real estate graph here:

When was the last 14+4?

So we had a peak in the late 1980s and then a bust in 1992. The next peak was 2006-07 followed by 4 years of downturn.

So where does this leave us now?

So if the 14+4 theory is to hold up, the next kick up from the last downturn should have started around 2011ish and should run up to 2025 before the next crash. So we are now in the relatively early stages of a 14 year bull cycle, despite the negativity that is swirling around us.

Sure, there will be ups and downs along the way (Brexit, anyone?) but it will be interesting to see how this plays out against hiccups such as Brexit and whatever else might be heading down the pass….? It is interesting to note that stockmarkets across the globe are hitting new highs – so the early stages look promising.

Food for thought as you plan for the future in your business against what might otherwise appear to be a negative macro economic backdrop?

Launching our new course on the HMRC SEIS / EIS advance assurance

Delighted to have launched our new online step by step guide to preparing and filing an Advance Assurance Application to HMRC that your company qualifies under SEIS and / or EIS!

Really brought about by popular demand and to fill a gap where some companies simply don’t have the budget to take on a professional firm to carry out the preparation work and specific advice on advance assurance applications (although I am afraid this can never be a substitute for this).

The course has been called: The SEIS / EIS Advance Assurance DIY KitIt is really aimed at founders / entrepreneurs to give them a bit of a helping hand. The hope is that for 90% of applications, this might be enough and will therefore result in huge cost and time-savings all round.

As well as a 40 min run through the form and how to complete it, we’ve also chucked in a template of a letter that we use to supplement the standard (limited!) EIS/SEISAA Form. You can use this for your application too.

Some links to further resources rounds off what is hopefully a useful addition to the startup community.

You can access this new online tutorial course on completing your SEIS / EIS advance assurance form here.

R&D Tax Credits – A new podcast for Founders of Clever Companies!

We are delighted to introduce this new podcast on R&D Tax Credits to the BusinessN2K network of specialist podcasts aimed at informing and educating UK entrepreneurs.

This new​ podcast will provide short snappy summaries on the ins-and-outs plus case-studies on how the Research and Development tax relief might benefit your company - aimed at companies at all stages of the business life-cycle from startup through to international group.

In this introductory podcast we discuss:

  • Who might benefit from this podcast?
  • Why the R&D tax credit relief was introduced by the UK Government
  • The importance in the Dyson report, Ingenious Britain, in making the R&D tax incentive better and better year on year
  • ​Why so many companies seem to be missing out on potentially significant year on year cash tax savings and / or rebates?
  • The structure and approach of these shows​ 
  • How you can subscribe to ensure that you access every episode

Listen or download the audio below: