Also in the news...
Overcoming Logistics Challenges in International Projects
International industrial projects promise opportunity, but also bring complications. For project leaders, engineers and logistics professionals, the question isn’t whether challenges will arise, but how they’ll be managed. From variable infrastructure to customs compliance, successful delivery across borders requires foresight, flexibility and the right partners.
Switzerland: providing services and travelling for business
Guidance for UK businesses on rules for selling services to Switzerland.
UK lands trade deal with South Korea to boost jobs and exports
UK lands momentous trade deal with South Korea to boost jobs and exports
New laws bring the world of work into the 21st century
Over 15 million people across the UK are expected to benefit as the Employment Rights Act receives Royal Assent.
Brilliant Borders: Kenya's Customs goes digital
A new app will save time and money for big businesses and small traders alike, as a longstanding Kenya-UK partnership further improves cross-border trade.
Using A Company To Save Tax
Using a company could easily save you over £10,000 in tax every year...possibly over £40,000. Why?
Firstly, UK corporation tax rates are much lower than income tax rates. Secondly, company owners can pay themselves dividends, which are taxed much less heavily than other forms of income. They can also split their income with their spouse or partner which often produces a lower tax bill. Finally, as a company owner, you have complete control over how much income you withdraw in total. This gives you significant control over your personal tax bill, allowing you to avoid the extortionate tax rates that kick in when income exceeds £41,865, £50,000, £100,000 or £150,000. Sole traders cannot control their income tax bills in this way. This plain English tax guide tells you everything you need to know about the tax benefits of running your business through a company and contains numerous examples and tax-planning tips.
