My corp tax for the next year is going to be around £20k. Any suggestions on how I can reduce it?
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What happens in General, stays in General.You know what they say about assumptions! -
Pay a lump sum into a pension (SIPP).Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k. -
Stop workingComment
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buy some more first class return flights to the states ?
buy a fancy dan new laptopComment
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Apart from that, can the business invest the money elsewhere to reduce Corp Tax?Originally posted by Fred Bloggs View PostWhat happens in General, stays in General.You know what they say about assumptions!Comment
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Not usually - any other investments are balance sheet movements rather than anything that effects the actual profit.Originally posted by MarillionFan View PostComment
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What if you make an investment in something and lose out? Just wondering like.Originally posted by Clare@InTouch View PostWhat happens in General, stays in General.You know what they say about assumptions!Comment
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Usually a capital loss, which can then only be set off against capital gains.Originally posted by MarillionFan View Post
You could buy a low emission car or van.Comment
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How about starting a company overseas that provides loans to UK based employees ? Bet no one has thought of that !!Originally posted by MarillionFan View PostWhen freedom comes along, don't PISH in the water supply.....Comment
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I am intrigued as to why someone with 23000 post would be asking such a question or is this the first time you have strayed into accounting/legal from generalOriginally posted by MarillionFan View PostComment
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