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Without breaking the law, what are the options for reducing Corp Tax liabilities, I know you can maximise expenses & pay money into a pension but rather than paying a chunk of Tax are there any legit schemes you can invest in or offset against?
I dont like the pension route as it locks the...
Just get it from Caunce O'Hara - make sure you dont let Agency put in silly amounts of cover required; I always work with the basic level of cover most times
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Thanks for your reply - actually I was thinking of getting life assurance for myself, around £250k worth, but getting it as key man insurance and paying the premiums directly through the ltd co. If anything happened to me the company would get the sum assured - my spouse, a...
I am also looking into this. Have been advised by my accountant that I cannot invest in the other company unless there is likely to be an income to the loaning company.
Otherwise it gets complicated because you are giving a loan.
I have come across a Partnership structure to manage tax affairs & particlary a company called easy-partnership.co.uk - seems different from the composites as it sets you up within a partnership...seems that it avoids hassle of IR35 & S660 but still gives all the tax efficiency most of us are after?