For Business owners “Extraction of Profit” from the family owned Ltd company has always been an important discussion with their Accountants.
The opportunities are in
- Using Personal Car for Business and utilising the Generous Mileage Allowance offered by HMRC.
- Taking Life Cover as “Relevant Life” and writing it into a Trust for your beneficiary & still utilising Corporation Tax Deduction
- Salary / Dividends, to name a few…
Depending on individual circumstances, other genuine opportunities can be looked into and utilised in your Accounts.
Such opportunities saves
- Employer’s NIC if it were to be withdrawn as salary
- Corporation Tax
- Tax on Dividends for the shareholder
Want to consider such opportunities for your Business?
Why not reach us,to discuss, on either of the following
- Phone: 07879601780
- email: mail@Excelaccountz.co.uk
- Fill the contact form below