Using a Company to Save Tax 2018/19 Contributor(s): Braun, Nick (Author) |
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ISBN: 191102034X ISBN-13: 9781911020349 Publisher: Taxcafe UK Ltd OUR PRICE: $39.90 Product Type: Paperback - Other Formats Published: October 2018 * Not available - Not in print at this time * |
Additional Information |
BISAC Categories: - Business & Economics | Small Business - General - Business & Economics | Taxation - Corporate - Business & Economics | Taxation - Small Business |
Physical Information: 0.39" H x 6.14" W x 9.21" (0.59 lbs) 184 pages |
Descriptions, Reviews, Etc. |
Publisher Description: Publication date: October 2018 Using a company could save you over 10,000 in tax every year... possibly much more. Why? Because a company paying tax at 19% (17% in 2020) will have a lot more money left over to reinvest and grow than a sole trader or partnership paying tax at 42% or 47%. However, company owners also have to pay income tax when they extract money from their companies (typically as dividends) and the bad news here is that dividend tax rates were increased significantly in 2016. This means companies no longer deliver guaranteed tax savings and the decision to incorporate has become a lot more complex. 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. It also contains many useful tables which show the exact tax savings enjoyed by company owners at every profit level. These tables take account of ALL taxes: income tax, corporation tax, national insurance etc. Subjects covered include:
The guide also examines a variety of other important tax issues facing company owners, including:
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