Using a Company to Save Tax
By Nick Braun.
Description
Using a company could easily save you over £10,000 in tax every year...possibly over £40,000. Why? Firstly, UK corporation tax rates are much lower than income tax rates. Secondly, company owners can pay themselves dividends, which are taxed much less heavily than other forms of income. They can also split their income with their spouse or partner which often produces a lower tax bill. Finally, as a company owner, you have complete control over how much income you withdraw in total. This gives you significant control over your personal tax bill, allowing you to avoid the extorti...
ISBN(s)
1907302743, 9781907302749
