Other considerations

Inevitably, companies will require advice on how best to remunerate its employees and directors, and we can advise on that as the need arises. As a company grows so the need for more sophisticated employee benefit packages arises and share options and the like may be important. We can advise on such issues as they arise. Indeed, it is essential that long-term planning goes on.

For smaller companies, and especially those which are owned and managed by the same people, tax-efficient means of drawing profits from the business is important as well as having an eye to the future. Striking a balance between the immediate needs of income for individuals and the longer-term needs of the business itself is where we can advise.

One of the principal issues these days is the decision for of whether to take salary (and benefits) from the company or whether to draw dividends.