Product Description

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.

Product Details

• Amazon Sales Rank: #46722 in Books
• Published on: 2009-05-01
• Original language: English
• Number of items: 1
• Binding: Paperback
• 140 pages

Robert Gemmell - Director, Risk Management Europe Ltd
Clearly written and easy to understand. Thank you for making life simpler.

From the Inside Flap
By setting up a limited company you stand to save tens of thousands of pounds in tax and national insurance every year.

Why? Firstly, UK corporation tax rates are 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 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.

About the Author
Lee Hadnum LLB ACA CTA is a rarity among tax advisers having both legal and chartered accountancy qualifications. After qualifying as a prize winner in the Institute of Chartered Accountants entrance exams, he went on to become a Chartered Tax Adviser (CTA) and has worked as a business tax adviser for one of the 'Big 4' accountancy firms for a number of years. Lee is the author of several other Taxcafe.co.uk tax guides including Non-Resident & Offshore Tax Planning and How to Avoid Tax on your Stock Market Profits.

Customer Reviews

An excellent resource
I found this book to be very helpful. Best of all are the tables which show you exactly how much tax you will save through a company if you structure your pay correctly (personally I stand to save over £15,000). I also enjoyed the clear explanation of how sole traders and companies are taxed. I would recommend this book to pretty much anyone who has a business.

Best value tax guide out there
I enjoyed reading this and would like to compliment the author on the "readability" factor. The information provided is made very clear and includes many thought provoking examples, and unlike most tax guides has been kept up to date, taking into consideration recents changes such as the Arctic Systems case. I look forward to buying more of the authors books in the future.

Fantastic book
I have read dozens of books on corporation tax and found that this book has taught me more than any other. It really expanded my knowledge of company tax, dividends, incorporations and as a consequence, I recommend it fully.