Daily Archives: 17th June 2020

Directors, Dividends and Bounce Back Loans

Will directors who also own shares in their firms have to pay higher national Insurance contributions (NIC) when we emerge from lockdown? Perhaps. Many directors take a small wage of £720 per month with a dividend from the company’s profits, to top it up. This has long been considered one of the most tax-efficient ways of rewarding director shareholders. Could this cause a problem with the government’s furlough scheme? In… Read Article →