Category Archives: Profit extraction

Avoiding an unexpected car benefit

Where a husband and wife work for the same company and have a company car, tax can be saved by providing it as a benefit-in-kind to whichever one is taxed at the lower rate. However, if the lower earner is paid less £8,500 per year (including the car benefit), increase their pay to take them…
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Getting some extra help with the credit card bill

If you don't tend to pay off all the balance on your credit card immediately (and, incidentally, I recommend that you should pay it off) you'll be charged interest by your credit card provider.  So, you might be interested to know that interest charged for private purchases made by a director or employee using a company credit…
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