Originally posted by abc111
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Your options are very simple. They are life style choices really.
a) As a very simple rule to saving tax using a Ltd: take out as little cash as is possible from the company. Wind it up n years later and enjoy the windfall.
b) Personally I'd rather live whilst I'm earning. That means paying tax. You could withdraw to the upper limit using a combination of dividends + minimum salary.Leave a comment:
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You read the newbies guide to the right and if you have any questions you use the search function in the welcome forums.
You also get yourself a good contractor accountant that uses FreeAgent. There is a stickied thread with accountant recommendations.
This is something you'll have to do. There is far too much for us to cover for you and we don't need to. Plenty of documentation for you to digest and your accountant to speak to.
Oh and google is your friend.Last edited by northernladuk; 2 October 2016, 18:28.Leave a comment:
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Saving more on VAT and corporation tax
hi
i am a limited company and trying to find out ways to save the tax and maximise the take -home payment. Please would users suggest how to achieve it. my chartered accountant is cheap but somewhat useless.
I would like to included items such as :
car
home
electrical fixtures and services installation
laptop and printer
diesel/ fuel
please suggest
thanks.
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