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Recent content by deserted
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High profits one year, low the next; how best to manage corporation tax?
Thanks very much Thanks very much Thanks for all your help guys! I think I made a basic mistake here: what I was (foggily) thinking about was somehow deferring the *revenue* from one year to the next. So in that case I could balance the revenue in different years, pay myself the allowance...- deserted
- Post #12
- Forum: Accounting / Legal
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High profits one year, low the next; how best to manage corporation tax?
Hello! I'm lucky that this has been a good year for me with high profits (and subsequently high corporation tax). Next year revenue will drop to near zero (by choice). I'm wondering if there's any way of evening this out - 'defer' profits until the next tax year, director's loan or something...- deserted
- Thread
- Replies: 14
- Forum: Accounting / Legal
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Is it worth hiring an accountant on a monthly basis?
Thanks for your help guys. Either way I think it's worth using a good software service, I am going to have a look for a good accountant!- deserted
- Post #9
- Forum: Accounting / Legal
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Is it worth hiring an accountant on a monthly basis?
I am new as an IT contractor and have been contacted by several companies asserting they can arrange my tax affairs so that I am paying 15% (or less) in tax on my earnings. They are asking for a monthly fee - typically around £100 / month. I'm just wondering if this is worth it? - There seems...- deserted
- Thread
- Replies: 8
- Forum: Accounting / Legal
