Personal Tax for Founders and Directors
If you own the business, your personal tax and your company tax are the same problem viewed from two angles. Treating them separately usually costs money.
We keep your personal position tidy and efficient alongside the business, so decisions are made once with the full picture rather than twice with half of it.
What is included
Self assessment tax return prepared and filed
Dividend and salary planning, coordinated with your company position
Reporting other income: property, investments, dividends from elsewhere, side income
Advice on pension contributions and how they interact with your business
Capital gains reporting, including on the sale of shares or property
A clear statement of what you owe and when, ahead of the deadline
Answering the question founders actually ask: how much can I take out of the business
Who this is for
Company directors and business owners, particularly founders taking a mix of salary and dividends. Also useful if you have income from more than one source, or if you have just sold something and are unsure what you owe.
The deadlines
31 January: online self assessment filing deadline and balancing payment for the previous tax year, plus your first payment on account
31 July: second payment on account
5 April: end of the tax year, and the last date for most planning to have any effect
Almost all useful personal tax planning has to happen before 5 April. By the time you are filing in January, the year is closed and the options have gone. This is why we look at it during the year rather than only at filing time.
Why do this alongside your company accounts
The salary and dividend split, timing of dividends, pension contributions and how you fund the business from personal money all sit across both sets of numbers. Split the work between two advisers and you get two locally sensible answers that do not add up.
We handle both, which is why founders in food, drink and consumer goods bring us their personal tax as well.
Common questions
Do I need to file a tax return as a director?
It depends on your income and its sources. Many directors do, particularly if taking dividends. We will confirm your position rather than guessing.
How much can I take out of the company?
It depends on distributable profits and cash, then on the tax cost of each route. Both parts matter and we look at both.
I have missed a deadline. What now?
File as soon as possible. Penalties and interest build with time, so acting quickly limits the damage.
Can you deal with HMRC for me?
Yes, once you have authorised us as your agent.
Next step
Book a free 30 minute consultation. Ideally before 5 April, while planning still has time to work.
Related: Payroll | Year end accounts and corporation tax | Founder and growth advisory
What happens on the call
We take time to understand exactly what you need
We give you a clear overview of how we can help
We answer any urgent questions you have, there and then