Anonymous client, Hertfordshire, advice given August 2010:

"Thanks to tax advice received from One4 Tax and Accounts, I managed to save more than £30,000 in tax when reorganising my property ownership

 for which I paid a few hundred £'s...."

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FROM OUR CHARTERED TAX ADVISORS

Our Chartered Tax Advisors help our clients saving tax every day of the week and have done so for 20+ years. They not only know the rules they actually know how HMRC apply them as well, which is just as important.

SAVING TAX WITH A LIMITED COMPANY

Sole trader or limited company

Below is a summary of the potential tax savings to be made with a limited company compared to running the business as a sole trader. However this is a simplification and other matters need to be considered before deciding on incorporation. The cost of running a limited company does not need to be great, in particular if you consider that good accounting records are required to run any business. However, some accountants are a lot more expensive then others while the services provided and the quality are the same.

The savings are based on taking a small salary and then extract all income in the form of dividends.

There are other reasons to consider before you incorporate, however the costs of maintaining a limited company should not be them. As you can see from our fees we do not vary them for a limited company or not.

Another distinct advantage of a limited company that you limit your legal exposure.

However, a limited company does not necessarily protect you from IR35 legislation so if you do work as a contractor you should seek professional advice - we are happy to help out off-course.

Overall most companies' owners would benefit from in corporation and saving tax by setting up a limited company.

Interested: ask your your free personal assessment! Click here