Which is the best software for optimising

[whiteacre]

the balance of salary and dividends for extracting profits from your company? Assuming owner manager is a director for example?

Ideally I want to be able to plug in a 'surplus/profit' figure and come out with the share to pay as salary and (what to make company profits and have corp tax and) what to pay as dividends.

Is there a website that I can use?

What is the best tax software for this? Is it a normal feature in most software?

How much do you think an accountant would charge if you asked them to do this calculation?

Many thanks for your help in advance!

[tom 7000]

There isn't any. its too complicated for software to factor in variations.

Very simply, assuming no other income other than from the company, pay yourself

a) salary of £605/mth net
b) dividends in this fiscal yr of £31,500

This keeps you as a low rate tax payer, just.

If its more complicated than that you need to ask your accountant. He should tell you what to pay each year, we tell our clients as a matter of course and its just part of the free advice we give them each year when we do their P60's

If you havent got an accountant or its more complicated, contact me on tom@ttca.co.uk, I have a free guide on how to run a company tax efficiently, which you can have

tom