Hi All,
I need some advice on saving some tax on my contract. I would like to hear from someone who is knowledgeable on contracting in UK and knows how to maximise the tax saving within legal boundaries.
If someone can please advice me with an example on how to save maximum tax on a contract of £500 per day for 12 months. Please start by telling me whether to get the contract on a limited company or as self-employed. Then how much salary to take and how much dividend, etc. Also if need be shall I employ my spouse as an employee, expenses, etc.
Thanking in advance,
Cheers
I need some advice on saving some tax on my contract. I would like to hear from someone who is knowledgeable on contracting in UK and knows how to maximise the tax saving within legal boundaries.
If someone can please advice me with an example on how to save maximum tax on a contract of £500 per day for 12 months. Please start by telling me whether to get the contract on a limited company or as self-employed. Then how much salary to take and how much dividend, etc. Also if need be shall I employ my spouse as an employee, expenses, etc.
Thanking in advance,
Cheers
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