Sat, 04 Jul, 2009

USING A COMPANY TO SAVE TAX

Using a Company to Save Tax-

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Your guide will contain all the latest company tax changes from the last Budget

Using a Company to Save Tax


Did you know that by running your business through a limited company you can stand to save tens of thousands of pounds in tax and NI contributions every year.

 

How is that?

Firstly, company tax rates in the UK are often much lower than personal income tax rates. Additionally, owners of companies are able to take pay as dividends, which are not taxed as harshly as other forms of income. Thirdly, if you can set up a company with your spouse, you can split the company's income between the two of you, which means you get a lower tax rate.

 

Find out all you need to know about the tax benefits of incorporating your business. This guide is indispensable reading for:

 

* Sole traders and partnerships.

* Company owners who want to pay less corporation tax, income tax and NI contributions.

* Anyone thinking about starting up a business.

* Financial advisers and accountants who are in the position of advising clients on the tax benefits of using limited companies.

 

 

What's in the Guide

 

Written in plain English, the guide contains, within its 122 pages, numerous examples and illustrations.
Subjects covered include:

 

Clear, no-nonsense guide to corporation tax.
Explanation of the latest Budget tax changes.
Summary of the advantages and disadvantages of company tax.
Comparison between income tax and corporation tax.
How company owners can avoid paying national insurance.
How dividends are taxed.
How to use dividends to cut your tax bill by thousands of pounds.
The mechanics of paying dividends whilst avoiding upsetting the taxman.
Examples of tax savings enjoyed by company owners.
How to gain further tax savings by splitting your income with your spouse, and traps to avoid.
How businesses that reinvest some of their profits can make savings in the tens of thousands of pounds by establishing a company.
How you can incorporate an existing business, making sure you do not pay capital gains tax, VAT or stamp duty.
Offshore tax planning.
Effects of the CGT changes as announced in the March 2008 Budget

 

'Using a Company to Save Tax' also contains many useful tables detailing the tax savings enjoyed by company owners at every profit level. The tables take all taxes into account, including income tax, corporation tax and national insurance.

 


 

The Author

 

Lee Hadnum (LLB ACA CTA) is a unique tax adviser with both chartered accountancy and legal qualifications. Lee began his career as a prize-winner in the Institute of Chartered Accountants entrance exams. He then became a Chartered Tax Adviser (CTA) and was employed by Ernst & Young for a number of years. Lee has authored many tax books in the UK.

 

How Much Does 'Using a Company to Save Tax' Cost?

 

Only £24.95 plus postage and packing of £1.50 (on the order total). The guide will normally be sent out within 24 hours of receiving your order. For quicker delivery choose the electronic version at only £19.95.

 

You will have the option at checkout of receiving a free electronic copy to read immediately.

And that's not all!

 

You will also receive a complimentary electronic copy of our comprehensive How to Save Tax 2009/10 - worth £19.95.
Delivery £1.50 on total order
If you would like to pay by cheque click here.

Note: People who bought this guide also found 'How to Avoid Property Tax' and 'Using a Property Company to Save Tax' useful.

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