Investing is simple, but taxes and estate planning are not. Tax planning is the analysis and arrangement of a company's financial situation in order to maximize tax breaks and minimize tax liabilities in a legal and efficient manner. Tax rules can be complicated, but taking some time to know and use them for your benefit can change how much you end up paying (or getting back) when you file.
This book looks at a number of tax planning issues for company owners and considers both corporate and personal tax planning opportunities available. It is fully updated for the latest changes from the March 2013 Budget.
Subjects covered include:
-How much salary to pay in 2013/2014 to minimize Corporation tax, Income tax, and National insurance?
-What is the optimal salary for all company owners?
-The main occasions when you should use a UK company
-The main occasions when you shouldn't use a UK company
-Clear explanation of how UK companies are taxed
-Extending the £300,000 small company band
-Using UK company combined with a Limited Liability Partnership
-Tax planning pointers for associated companies
-Ways to reduce Corporation tax
- When you can use provisions to reduce your taxable profits
-Financing a new company tax efficiently and how to inject debt/equity
-Using the demerger provisions to separate trading/investment activities
-Using a directors loan account to reduce tax
-The Patent Box and the 10% rate of Corporation Tax
-When nonresident companies are within the UK corporation tax regime and how to avoid a UK taxable presence
-Trading in the UK with a UK company or LLP
-Liquidating companies in 2013
-Maximizing tax relief on the purchase of business premises
-Transferring property assets out of a company
-Making your company investor ready for EIS Relief
-The New Seed EIS Scheme
-Splitting a company's activities to reduce tax
-And much moreInvesting is simple, but taxes and estate planning are not. Tax planning is the analysis and arrangemen