238187
Description
Mind Map by loulouatkinson21, updated more than 1 year ago
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Created by loulouatkinson21
over 11 years ago
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Tax Planning - Companies
- Tax free or tax efficient savings
- Well timed spending on capital items and use of profits
- Keeping Business Taxes to minimum
- Minimising Tax paid on sale of business
- Tax efficient remuneration including benifits in kind
- Keep salary costs low to reduce Income Tax and NI contributions down
- Reducing tax payable on company cars
- Paying TAX causes cashflow problems
- Can be tempted to under declare or trade off record
- Can be tempted to under declare or trade off record
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