Tax Planning - Companies

Description

Mind Map on Tax Planning - Companies, created by loulouatkinson21 on 29/09/2013.
loulouatkinson21
Created by loulouatkinson21
loulouatkinson21
Created by loulouatkinson21 about 13 years ago
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Resource summary

Tax Planning - Companies
  1. Tax free or tax efficient savings
    1. Well timed spending on capital items and use of profits
      1. Keeping Business Taxes to minimum
        1. Minimising Tax paid on sale of business
          1. Tax efficient remuneration including benifits in kind
            1. Keep salary costs low to reduce Income Tax and NI contributions down
              1. Reducing tax payable on company cars
                1. Paying TAX causes cashflow problems
                  1. Can be tempted to under declare or trade off record
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