Using a Company to Save Tax - May 2011 Edition
By running your business through a limited company you can save tens of thousands of pounds in tax and national insurance. Why? To start with UK corporation tax rates are often much lower than income tax rates. Secondly, 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 or partner allows you to split your income which almost always results in a lower tax bill.
That's not all. Tax increases which came into force in April 2011 (plus others on the horizon) mean using a company will produce even bigger tax savings in the years ahead! This tax guide tells you everything you need to know about using a company to legally shelter your hard-earned money from the taxman. A new edition has just been published (May 2011), so it is completely up to date. Using a Company To Save Tax will provide you with all the information you will need in order to confidently and efficiently run your business through a limited company. It is essential reading for:
This book is fully updated for the 2011 changes including the new rates of corporation tax and NIC.
What Information is Contained in the GuideLike all our guides Using a Company to Save Tax is written in Plain English and contains numerous practical examples and tax planning tips. Topics covered include: * All tax changes from the March 2011 Budget. * The clearest explanation of corporation tax you will find anywhere. * All the pros and cons of using a company. * Plain English comparison of company tax and sole trader/partnership tax.
* How company owners can legally escape paying any national insurance. * How dividends can be used to cut your tax bill by thousands of pounds every year. * How to pay dividends correctly and avoid trouble from the taxman. * Detailed examples showing the exact amount of tax you can save by using a company. * How to save thousands more in tax by bringing your spouse or partner into the company.
* Traps to look out for when involving your spouse. * The dangers of using more than one company. * How a company can produce massive additional tax savings when you reinvest profits.
* All the 2011 tax and national insurance changes. * How to incorporate an existing business, including how to make sure you pay zero capital gains tax, VAT, and stamp duty. * When using a company is a bad idea and could result in a higher tax bill. * How to convert from a company back to being a sole trader or partnership. * The tax benefits and drawbacks of using an offshore company. The guide 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.
About the Author![]() The Author of Using a Company to Save Tax is our site Editor, Lee Hadnum. Lee is a rarity among tax advisers having both legal and chartered accountant qualifications. After qualifying a prize winner in the Institute of Chartered Accountants exams, he also went on to become a chartered tax adviser (CTA). Exclusive Offer For companyformations247.co.uk Customers![]() The standard price for this book is £24.95, however as a previous customer of companyformations247 we are offering an exclusive 20% discount. This printed book therefore costs £19.96. Postage and Packaging is only £1.95.
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