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Tax savings for the owner managed limited company
Even if working as an employee of your own limited company there are savings
of up to 23% of your gross income available using our tax efficient remuneration
service. The next step >>
Tax Savings for the self employed
So, what can the business owner do to mitigate National
Insurance? One option for those currently trading
through a partnership or sole trade must be incorporation
linked with tax efficient remuneration and dividend planning. Such a scheme
will
save all national insurance, provide security of limited liability and create
a one off opportunity to realise the goodwill tied up in the business. The
next step >>
Shelter
tax in a limited liability company
If you are trading through a partnership or sole
trade you will pay tax at your highest rate on
your profits regardless of the amount you draw
out of
the business.
By moving the trade to a limited company you will effectively shelter tax
by paying corporation tax at 19% on the first £300,000
of profits you make. The next step >>
Save £100,000 using
this simple piece of tax planning
By including a nil rate band discretionary trust
in your will you effectively utilise each spouse’s
nil rate band. Currently £250,000 at 40%
is £100,000
tax saved. The next step >>
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