Originally posted by abc111
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Saving more on VAT and corporation tax
Collapse
X
-
-
Originally posted by abc111 View Posthi
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.
holidays
clothes
food
school fees
TV
entertainment
beer
giftsLeave a comment:
-
Originally posted by abc111 View Postmy chartered accountant is cheap but somewhat useless.Leave a comment:
-
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:
-
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:
-
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.
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- How much does the HMRC Loan Charge cost contractors, in tax terms? Yesterday 09:17
- HMRC adds three AML schemes to its tax avoidance blacklist Yesterday 09:06
- Chancellor Jeremy Hunt's new growth plan leaves IT contractors flat, or in disbelief Jan 30 09:56
- How does IR35 insurance for contractors work, in practice? Jan 27 18:49
- Already know you'll miss Tuesday's tax deadline? Proceed at your peril Jan 26 09:50
- Can I expense via my limited company a Smartwatch bought for me at Christmas? Jan 26 09:47
- 'Laggard' contractors urged to file now as Jan 31st tax deadline looms Jan 25 10:31
- Contractors' Questions: Where do limited company directors struggle with self-assessment tax returns? Jan 25 09:46
- Taxman tries to tackle ex-rugby union ace Stuart Barnes on IR35, but fails Jan 24 10:38
- Where foul play crept into HMRC's IR35 attack on ex-rugby union star Stuart Barnes Jan 24 09:49
Leave a comment: