Profit Extraction

“Profit Extraction is a key area of tax planning for all the business owners so as to know how can the business profits be extracted efficiently. This can be challenging sometimes to understand the best way to minimise the tax liabilities but Makesworth Accountants are here to provide a peace of mind for its clients for we are experts in this area to provide you with the best possible solution.”

How Can Makesworth Help?

Profit Extraction can be carried out in many ways. All of the options mentioned below form a part of the mix where there could be other more unusual options too.

  • Salaries
    We provide reliable advice on the efficient minimization of PAYE and National Insurance (NI) that is incurred by the business with minimum salaries for directors.
  • Pension Contribution
    Planning and advice for pensions in terms of long-term investment for retirement has been quite beneficial advice for the clients where this has been tax-efficient along with saving for retirement.
  • Dividends
    Dividends plays a crucial role as the most efficient way to extract profit for the business owners.
  • Venture Capital Trusts
    As per the government-backed schemes, income tax relief is provided at 30% of the amount invested which are great option for profit extraction.
  • Property Investment
    We will guide you on various property investment options as a tax-efficient means of profit extraction.
  • Re-investing in the business
    We will analyse and guide you on the options of re-investing in your business.

Getting the right re-structuring of shareholders could also possibly part a huge role in terms of extracting profits efficiently. Here, the right mix at the right time for any kind of profit extraction will play a crucial role in tax planning for all the business owners.

This is an area that all the business owners need to take control of for the savings extracted can be of significant use. Makesworth will ensure that you receive as many profits as possible for your business being highly tax efficient with our expert advice.

Whether you are thinking of setting up your business or planning to expand then look further and contact us on 020 7993 8850 for a free initial consultation.

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