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Synopsis
By setting up a limited company you stand to save tens of thousands of pounds in tax and national insurance every year. This is because UK corporation tax rates are much lower than income tax rates. Furthermore, company owners can pay themselves dividends, which are taxed much less heavily than other forms of income. Finally, setting up a company with your spouse allows you to split your income which almost always results in a lower tax bill. This plain English tax guide tells you everything you need to know about the tax benefits of running your business through a company and contains numerous examples and tax-planning tips.
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Review
Popular tax guide which provides comprehensive guidance on tax planning strategies. --The Institute of Chartered Accountants
Taxcafe's easy to understand guides can help you through the maze. --The Times
Synopsis
By setting up a limited company you stand to save tens of thousands of pounds in tax and national insurance every year. This is because UK corporation tax rates are much lower than income tax rates. Furthermore, company owners can pay themselves dividends, which are taxed much less heavily than other forms of income. Finally, setting up a company with your spouse allows you to split your income which almost always results in a lower tax bill. This plain English tax guide tells you everything you need to know about the tax benefits of running your business through a company and contains numerous examples and tax-planning tips.
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Using a Company to Save Tax
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Taxcafe UK Ltd 01/04/2006, 2006
ISBN 10: 190460837X
ISBN 13: 9781904608370
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