Many become directors for one reason and one reason only – to save on their tax bill via the ‘salary/dividend’ method. Jennifer Adams offers some advice to help directors stay on the right side of the law.

What many owner-directors might not appreciate is that the role requires them to undertake specific legal duties; the penalties for non-compliance can be severe to include possible criminal proceedings.

This checklist is intended to form the basis of a list that can be given to all directors for their reference.

www.accountingweb.co.uk/topic/tax/directors-duties-get-details-right/499863