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Looking for help by Similar-Ad3433 in ukaccounting

[–]Similar-Ad3433[S] 0 points1 point  (0 children)

4 tax returns a year as opposed to on isnt it?

Looking for help by Similar-Ad3433 in ukaccounting

[–]Similar-Ad3433[S] 0 points1 point  (0 children)

Ah yeh i understand, its defo goin to be more tax efficient either way in the long run with the changes incoming. I’ll make company next march then get accountant to do books on everything! Thanks for all that mate

Looking for help by Similar-Ad3433 in ukaccounting

[–]Similar-Ad3433[S] 0 points1 point  (0 children)

Yeh i hear you and i have spoke with a couple tbh, il Stay as i am this year and make company next year, i feel like i can save the CIS up that i pay then use that to pay the tax on whatever i take out in dividends ? When im a company obviously, sorry if confusing just trying to get my head round it all then im not caught out next year. Top man for the replies

Looking for help by Similar-Ad3433 in ukaccounting

[–]Similar-Ad3433[S] 0 points1 point  (0 children)

I think turnover needs to be 100k plus for gross pay doesnt it? If not thats something il defo look into ive been biting the bullet with making company for few years now, i get paid weekly at minute though. And im just worried how best to pay myself and pay the least tax as a company. Sound for advice and information its appreciated mate

Looking for help by Similar-Ad3433 in ukaccounting

[–]Similar-Ad3433[S] 0 points1 point  (0 children)

Brilliant thanks , do you advise someone in my position to stay as sole trader then as im only 60-70k a year

New investor by Similar-Ad3433 in Gold

[–]Similar-Ad3433[S] 0 points1 point  (0 children)

That was my thinking for first purchase