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Profit Extraction

Published by Sri on

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  • Employer’s NIC if it were to be withdrawn as salary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

  1. Phone: 07879601780
  2. email: mail@Excelaccountz.co.uk
  3. Fill the contact form below
Categories: Tax

Sri

Finance Professional from one of the top 10 Practices in the UK & with more than 20 years experience in Accountancy/ Taxation/ Business Consultancy & Wealth Protection.