With the proposed hike in 50% income tax why not consider taking salary as dividends to minimise your tax bill. Shareholders in their own companies who take dividends instead of cash means you are taxed at 32.5% until 5 April, rising to 42.5% on 6 April.

For practical advice contact Mark Busby on 01344 620495 or mark.busby@dbsellek.co.uk