| For a business making around £100,000
profits, the personal Tax and NI bill for a Sole Trader
could be as much as £35,100. If the business
was in a company, a combination of salaries and dividends
could save around £15,700 each year in Tax and
NIC.
That’s a saving of around £314,000 in
Tax and National Insurance after only 20 years.
No one solution suits all, as each business is different
and has to be judged on its own merits. Choosing
the correct business structure is not just about
saving Tax and a number of other issues need to be
addressed. For a small investment we can perform
a review of your business structure and highlight
how tax can be saved.
For further details of our review please complete
the feedback form, email IanPatterson@Hansons.uk.com or contact Ian Patterson on 01977 552 881.
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