Tricks for avoiding higher tax for >£300k profits?
Discussion
If my Ltd earns over £300k then are there tricks or clever accounting methods to use in order to reduce the official earnings back to £300k so that I dont get taxed on the higher 30% tax band on the excess?
Also, is main corp tax rate on the whole amount like stamp duty, or on the excess over the lower rate band like income tax?
Also, is main corp tax rate on the whole amount like stamp duty, or on the excess over the lower rate band like income tax?
NorthernBoy said:
May I seriously suggest you hire a decent accountant and use his advice, rather than try to save a few pounds by doing it on here.
If the company that you own is making 300k a year, it is more than worth it.
I do have a decent accountant, but so far I just let them do their job without any questions, and the small Co's allowance hasnt really been an issue before. But was just wondering in advance.If the company that you own is making 300k a year, it is more than worth it.
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