How to Keep More of What You Earn
The Chancellor’s Autumn Budget brought little relief for limited company directors, particularly those already feeling the pressure. With tax thresholds frozen yet again and dividend tax set to rise next year, directors are facing another subtle squeeze on their personal income.
However, whilst you cannot control the Budget, you can control how tax-efficient your business is. At the moment, making better use of your expenses is not just a good idea, it is essential.
For many small business directors, especially those in the landscaping, construction, and trades industries, personal and business spending often overlap. With tax thresholds frozen again, more of your income risks being lost to tax unless you take steps to protect it.
We have released our new guide: Keep More of What You Earn: Practical Ways to Cut Tax and Grow Profit.
This guide provides directors with practical, fully HMRC-compliant ways to avoid paying more tax than necessary by making full use of existing reliefs and expenses that are often overlooked. It is designed to help directors get more value from the money being spent, especially at a time when the Budget restricts the ways tax can be managed.
The key message is that when your costs are increasing, and tax thresholds remain frozen, the only logical and sensible response is to run a more tax-efficient company.
If you are not making the most of allowable business expenses, director benefits, or overlooked reliefs, you are certainly missing opportunities to reduce your corporation tax bill and increase your personal income. Our guide walks you through those opportunities one at a time, in plain English, and with real-world relevance for business owners.
The Budget may have tightened things, but directors who plan will still come out on top.
If you want to protect your profits, reduce unnecessary tax, and make smarter decisions before the next financial year hits, reading this guide is a great place to start.
Download your copy of Keep More of What You Earn and start putting more money back in your pocket.
