Tax Effective Cash Extraction for OMBs - An Update

Introduction

The tax-free dividend allowance has been halved from £2,000 to £1,000 from 6 April 2023.

This virtual classroom session will review the latest principles and practical points on tax effective extraction of accrued profits for SME owner managers.

The session takes into account the changes in tax rates on dividend income in light of the new corporation tax regime after 31 March 2023.

What You Will Learn

This live and interactive session will cover the following:

• The changes in tax rates on dividend income
• The new corporation tax regime after 31 March 2023
• Alternatives for the owner manager
• The overall cash/tax impact of the various options
• What the future may hold
• The current impact of both income and capital tax reliefs

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.