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Barrie Dowsett | 20:56 - 5 February 2013
James Andrew makes a very relevant point regarding the R&D Tax Relief scheme. I expect many indie game developers that are directors/shareholders are given general advice from their Accountants to pay a basic salary of around £8k (personal tax free allowances) and take the rest as dividends. However when you take into account R&D Tax Relief the principle of "dividend over salary/bonus" is no longer valid.
For an owner managed company that is undertaking eligible R&D activities, I strongly recommnend that they contact us so that we can look at their individual circumstances to ensure that they are remunerated in the most tax efficient manner from a personal and company point of view. You will find my contact details as the end of the free Practical Guide.
James Andrew | 16:00 - 5 February 2013
Being an indie game dev, I don't pay wages to myself, so probably going to be hard to justify...
Mitch (Dave Mitchell) | 15:46 - 5 February 2013
Barrie and Ian from Myriad Associates worked with us recently on our R&D Tax Credits and in fact I was so impressed with the service they gave us that I recommended them to PG.
This free guide is really great advice and I would also add my honest recommendation for getting in touch with Myriad Associates to deal with your claim. They offer a genuinely good service and it was extremely cost effective even for a small Indie like ourselves.
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