Soldato
- Joined
- 3 Jul 2005
- Posts
- 3,027
Hi there,
*Puts on flame proof hat*
Righto, Now, I am in the process of setting up a business. Regarding paying taxes, I have set up a Limited company.
Would paying £9,439 (under the tax free allowance of £9,440) to myself. Then on all profits the company makes, paying 20% corporation tax be the most efficient way of paying the least amount of tax?
Also, regarding someone who works for me, is it possible to send them a nice gift straight to their bank account every month?
Thanks
*Puts on flame proof hat*
Righto, Now, I am in the process of setting up a business. Regarding paying taxes, I have set up a Limited company.
Would paying £9,439 (under the tax free allowance of £9,440) to myself. Then on all profits the company makes, paying 20% corporation tax be the most efficient way of paying the least amount of tax?
Also, regarding someone who works for me, is it possible to send them a nice gift straight to their bank account every month?
Thanks