Tax Planning for Company Owners How to Reduce Income Tax NIC and Corporation Tax Lee Hadnum 9780957602427 Books
Download As PDF : Tax Planning for Company Owners How to Reduce Income Tax NIC and Corporation Tax Lee Hadnum 9780957602427 Books
Tax Planning for Company Owners How to Reduce Income Tax NIC and Corporation Tax Lee Hadnum 9780957602427 Books
I bought this book to help with the tax side of things for the security business that my uncle and I have set up.I came into it as a novice, but I have to say this is a good introduction. It is only suitable for the UK, as I guess is obvious from the cover. The book made clear to us the tax benefits of using a company rather than being taxed as sole traders or a partnership, and sums this up in nice tables. These span a wide range of profits, from £10,000 to £300,000.
The book also includes a lot of information that doesn't matter to us, e.g., what to do if you're a non-UK domiciliary and how to extend the £300,000 tax band by splitting profits, but this extra stuff doesn't hurt. We both found this book adequate as our main source of information on tax matters for a small business.
Product details
|
Tags : Tax Planning for Company Owners: How to Reduce Income Tax, NIC's and Corporation Tax [Lee Hadnum] on Amazon.com. *FREE* shipping on qualifying offers. <b>2013/2014 Edition. An informed look at the key tax planning opportunities for companies and their shareholders - YourTrading Edge magazine</i></b><div><b> </i></b><div><b></b></div> <div><b> A great introduction to UK tax planning for small companies - Entrepreneur Magazine</i></b></div><div><b> </i></b></div><div><b></b> <div>Using a UK company can be very attractive for a number of reasons. Crucially though:</div><div><ul><li>It is classed as a separate legal entity.</li><li>It is subject to much lower rates of tax than an individual (in many cases 20% rather than 40% or 45%).</li><li>Company owners can extract profits as dividends which can be highly tax efficient.</li><li>Company owners can split income with spouses and other family members which can significantly reduce taxes. </li><li>Company owners have flexibility over when they extract income which allows them to receive income more tax efficiently. </li></ul></div><div><div>This tax guide tells you everything you need to know about using a company to legally shelter your hard-earned money from the taxman. The 14th edition has just been published (May 2013) and is completely up to date.</div></div><div></div><div> The highest rate of personal income tax is 45% from April 2013. However the highest headline rate of tax a company pays is 23% from April 2013 and 21% from April 2014.</div><div></div><div> This provides a huge incentive for many people to use a UK company for trading or investment purposes,Lee Hadnum,Tax Planning for Company Owners: How to Reduce Income Tax, NIC's and Corporation Tax,WPR Tax Publishing,0957602421,LAW Taxation
People also read other books :
- Always And Forever (Mills & Boon M&B) - edition by Lindsay McKenna. Literature & Fiction eBooks @ .
- From the Inside Out Karen Lynn Suffern 9781622176519 Books
- Ancient Interstellar An Intergalactic Odyssey - edition by Padmakumar Muthuswamy. Literature & Fiction eBooks @ .
- Spiritual Signs and Lessons of a Cancer Survivor Book Two Dr. Robert S. Rauch 9781453843031 Books
- Two Billionaires Next Door A Dark Bad Boy MFM Romance - edition by Jay S. Wilder. Contemporary Romance eBooks @ .
Tax Planning for Company Owners How to Reduce Income Tax NIC and Corporation Tax Lee Hadnum 9780957602427 Books Reviews
As a company owner you have to consider your personal tax situation as well as that of your business. A lot of companies run into trouble because they do not carefully plan their taxation. This book is great because it gives you plenty of scenarios and looks at tax planning issues that affect both corporate and personal tax planning. Lee Hadnum shows us how to make the best of all our available opportunities. This book was recently updated to include the changes in the tax laws for 2013-2014. This is a must read for any business owner.
I picked up this book, along with a couple of others, as a course text for my BA Hons Accounting module on tax planning. This covers the interaction between corporation and income tax, VAT, tax planning, foreign aspects and administration. I wanted a practical guide, to complement the textbooks.
I found Hadnum's book pretty useful. It discusses the tax advantages of starting a company in the UK, and how to finance and structure it tax-efficiently, with reference to hard data and all the legal technicalities. It is very thorough on the efficiency side amongst other things it covers transferring property assets, salary, loan accounts, EIS relief, and transferring property assets. The layout is clean and everything is explained on a level that novices can understand.
I actually preferred this book to the sections on tax planning in accountancy textbooks; it explains everything that a student needs to know about tax planning, and I should imagine it's suitable for most business owners.
I bought this book to help with the tax side of things for the security business that my uncle and I have set up.
I came into it as a novice, but I have to say this is a good introduction. It is only suitable for the UK, as I guess is obvious from the cover. The book made clear to us the tax benefits of using a company rather than being taxed as sole traders or a partnership, and sums this up in nice tables. These span a wide range of profits, from £10,000 to £300,000.
The book also includes a lot of information that doesn't matter to us, e.g., what to do if you're a non-UK domiciliary and how to extend the £300,000 tax band by splitting profits, but this extra stuff doesn't hurt. We both found this book adequate as our main source of information on tax matters for a small business.
0 Response to "⇒ [PDF] Free Tax Planning for Company Owners How to Reduce Income Tax NIC and Corporation Tax Lee Hadnum 9780957602427 Books"
Post a Comment