Hey guys,
Here’s my current situation.
I started working for my dads business in April and I really want some advice to prevent myself from paying more tax than required.
• I have a company car the business pays to lease (Seat Arona 2019). No personal mileage, just business.
• I earn £32k salary per year
• Business wants to pay me between £2-4k bonus in my October payslip
In a few months time,I will become a shareholder in the business. What is the best idea for me? Should I delay this bonus until I become a shareholder? I don’t want to get stung with a hefty tax bill.
Any advice would be truly appreciated, and if I can provide anymore details please just ask.
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