@firmo.accountants: Maximise your savings with smart tax strategies! By setting up a limited company, you can take advantage of your personal allowance, enjoy corporation tax deductions, and still qualify for state benefits. It’s all about optimising your income while reducing your tax liability. #TaxEfficiency #LimitedCompany #PersonalAllowance #TaxSavings #StateBenefits #tax #taxseason #taxtips #accounting
So people love to use public services, but do everything possible to avoid tax?
2025-01-17 14:27:49
7
andyjonc :
presumably the ltd company has to make £12750 so it can pay you? 🤔
2025-01-17 12:42:35
15
Halil :
All good on paper but in reality when it come buying anything or trying to rent no one accepts it… found out the hard way
2025-01-19 04:53:16
1
Alan Godfrey :
Can you pay yourself less than minimum wage?
2025-01-18 16:50:40
1
Andy Hopwood :
Work for nhs. Can use the wages from that into LTD ?
2025-01-19 10:27:46
0
Alex O' loughim :
@Victoriouscyberpunk I’m luck to meet the best person incredible and amazing work and perfection in always greatfull for your enlightenment 🥰
2025-02-16 03:39:29
0
the rizzler :
then try get a mortgage or remortgage and they say you can't use any other income
2025-01-17 15:39:53
16
The Only Woods :
Pay corp tax before dividends so not really saving tax
2025-01-16 21:28:49
8
user8588331453216 :
With corporation tax at 20% on the 50k then 8.75% on that 50k as well 28.5% tax, more than paye tax…so not saving paying more.
2025-01-17 07:50:25
7
him :
Bullet 3 should refer to a dividend of £37,700 taxes at 8.75% with the rest taxed 33.75%
2025-01-17 08:29:24
6
Darren Martin :
Sure you pay 19% corporation tax before you get your dividends so you pay more tax. Best taking most of it in expenses.
2025-01-17 23:37:44
2
LindyLou :
Why not refuse to comply with stuff you didn't sign up for.. It is against the LAW for gvmts to take any of our earnings.
2025-01-17 23:17:23
1
11ashleyg :
This is why those claiming benefits especially the elderly are being hammered because you avoid paying the correct tax.
2025-01-17 20:03:01
1
alansharpe260 :
sounds like freeloading off society
2025-01-17 17:29:57
1
j666ajp :
Would it be worthwhile for a taxi driver making approx £50k gross and about £25-30k net to go ltd?
2025-01-17 17:07:47
1
David :
HMRC fraud are very aware of people claiming to earn this amount and below. You’re on a lot of radars and thanks to Labour and their plan to employ 1000 new staff to drill down into this expect a lovely little interview sometime soon 😆
2025-01-17 15:31:36
1
Glenn Henderson :
it's all ok until you realise you also need customers and a product or something to sell!
2025-01-17 13:34:47
1
Bravo :
I have opened a ltd company...where is the £12,570 and £50,270 you talk about?
2025-01-17 12:55:12
1
Oxford West and Abingdon :
Dividends also count towards your annual income and any amount of dividend income falling within your income tax personal allowance is also tax-free. The personal allowance is currently £12,570
2025-01-17 12:46:45
1
craig webb :
And when you want a mortgage/re-mortgage/loan? The Banks/Letting Companies do not like seeing your salary of £12,500 a year ❌❌
2025-01-17 09:18:10
1
supplyfitandflip :
1: SSP is now paid by your own company. 2: if you have £55k profits you can pay your self the dividends
2025-01-17 08:18:35
1
AllyB :
Enter the country illegally and get everything tax free 🤔😏
2025-01-17 06:03:10
1
user4333321940065 :
Can you setup
2025-01-16 23:20:38
1
merremjones1 :
😂😂😂
2025-01-16 20:29:09
1
reeves29291 :
SSP is payable by the employer and not recoverable from the government/HMRC, so where is the benefit in claiming?
2025-01-20 19:07:36
0
donaldjade2 :
Thanks for giving me hope and making me happy once again @Andrew D Mullins you change my life financially around and now I am debt free
2025-01-20 15:18:50
0
YorkshireTravellers :
what benefits can be claimed for in the example you've given?
2025-01-20 10:33:06
0
These 3 and Me :
Way down we go indeed… 🤣
2025-01-19 08:12:03
0
jord6641 :
Looking at your replies in this thread you really shouldn’t be trading.
2025-01-19 07:11:42
0
TINY :
Start a charity…. No tax.
2025-01-19 03:22:36
0
Charliemush23 :
UNO with doing this. What national insurance will I pay. Let’s say from getting paid £1200 p week with £80 of expenses before paying myself
2025-01-19 02:02:41
0
waynehill604 :
this is y we have so many barbers takeaways n vape shops in stoke on trent n money laundering on a massive scale
2025-01-19 01:12:20
0
Mark Bett :
😁😁😁
2025-01-18 19:07:28
0
Chrissy Dee :
If your employer agreed to pay you like this you will then need Insurance, Tax advisor, Health and Safety experience. A pension scheme. You will receive no holiday pay. Lose redundancy rights.
2025-01-18 12:11:56
0
Brett :
How can you be a ltd company and work for a company
2025-01-17 21:42:37
0
adamm93024 :
used to be a tax saver. not since they closed the dividend. show a proper example where the ltd pays cgt and don't say invest. this is supposed to compare to PAYE equivalent
2025-01-17 21:05:48
0
xristina.m12 :
Can you do that when you are not self employed?
2025-01-17 19:29:27
0
Percy Wick :
Lefties having a meltdown 😂
2025-01-17 19:22:30
0
Robert9050 :
Pay your taxes
2025-01-17 19:13:32
0
Ross Feetfeetfeet :
Need to make sales and have profits 👍
2025-01-17 18:40:58
0
Terry Phipps273 :
Well that’s complete v
2025-01-17 18:40:51
0
80komo80 :
Dividend i double taxed, it is not taxed for the company, so you pay 19 or 25 %
2025-01-17 18:33:57
0
Thomas Short688 :
Can’t claim back SSP from the government since 2014.
2025-01-17 18:25:21
0
k9myG :
@Umar
2025-01-17 13:52:05
0
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