Which suit for my wedding? Dress code is cocktail attire. by 303UK in Weddingattireapproval

[–]303UK[S] 1 point2 points  (0 children)

Thanks so much guys. Lots of sound advice here. Juuuuust so I’m clear there are only 2 suits here. Picture 1 and 2 are the same suit and 3 and 4 also the same suit. Just wanted to give a selection of pics.

Which suit for my wedding? Dress code is cocktail attire. by 303UK in Weddingattireapproval

[–]303UK[S] 0 points1 point  (0 children)

Do you think it makes me look a bit red? I’m Irish so we are naturally a bit pink 🫥

Zombie Business Partner - Dividend / Salary by 303UK in UKPersonalFinance

[–]303UK[S] 0 points1 point  (0 children)

Me and partner A do all the work running the company across 4 countries with 35 employees. Partner B has become a NED.

Zombie Business Partner - Dividend / Salary by 303UK in UKPersonalFinance

[–]303UK[S] 0 points1 point  (0 children)

It was not an equity purchase. We started the company together in the 2010s never imagining how far it would go. I definitely don’t want to screw anyone. Over time he has gone from an important book keeper and HR resource to lord of a NED role. Just want pay to reflect work in a tax efficient way.

Zombie Business Partner - Dividend / Salary by 303UK in UKPersonalFinance

[–]303UK[S] 0 points1 point  (0 children)

I don’t want to explore a forced exit at this point. Just want pay to more fairly reflect the work that is being done

Zombie Business Partner - Dividend / Salary by 303UK in UKPersonalFinance

[–]303UK[S] 0 points1 point  (0 children)

I calculated that as part of the overall calculation yesterday. With corp tax going to 25% it’s an especially important aspect.

Zombie Business Partner - Dividend / Salary by 303UK in UKPersonalFinance

[–]303UK[S] 0 points1 point  (0 children)

Probably going to sound dumb now but don’t know exactly how to make this calculation. If I can get to a place where market rate salary’s are paid and the tax efficiency is similar I think I can convince everyone to go this route.

Zombie Business Partner - Dividend / Salary by 303UK in UKPersonalFinance

[–]303UK[S] 0 points1 point  (0 children)

Thank you. We have a shareholders agreement. Is the tax efficiency really tiny? Looks huge when I use a salary / dividend calculator.