Saving tax - limited companies

Trading through a limited company gives significant tax and national insurance savings.

The highest rate of corporation tax is 28% compared to 40% for income tax.
Smaller companies pay corporation tax at 21%. 

Company owners can pay themselves dividends not a salary; dividends are taxed at lower rates than other forms of income and are not liable to national insurance. There is therefore no national insurance for employee or employer for sums paid by way of dividends.

Finally, setting up a company with your spouse or partner allows you to allocate income between spouses which usually results in a lower tax bill.

Significant tax and national insurance can be saved by:

• All sole traders and partnerships.
• Anyone with an existing company but wanting to pay less corporation tax, income tax and national insurance.
• Anyone wanting to shelter from increased tax and national insurance rates.

Interested?

Then either:

A. Call Tim O’Keefe or Roger Harding to see how we can help on 0117 923 7788
Please note that phones are answered between 8.30am & 5.15pm Monday to Friday

OR

B. Fill in your enquiry below and send it to support@acklands.co.uk