Coffee Loving Accountant
Accountant who works closely with business owners to understand and align their personal and business goals in the most tax efficient way
| Platform |  | Pricing | Only free issues | Publishes | Daily |
|---|---|---|---|---|---|
| Issues | 83 | Founded | 8 months ago | Last Issue | 10 days ago |
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I'm only 25. I don't need to worry about Inheritance Tax ………
POST
You're probably right.
You don't need to worry about it in the immediate future.
But it's always worth understanding because it's part of tax planning.
It's something I bring up with clients all the time.
Yes, we can do that.
But...
Stop asking how we reduce this years tax bill
One of the questions I get asked most often is, "How do we reduce this year's tax bill?"
It's a fair question, but I think it's often the wrong place to start.
My first question back is usually, "What are we trying to achieve with the bus...
A tax saving many are not aware of
If you've lent money to your company, there may be a more tax efficient way to take money out than simply relying on dividends.
The answer could be interest.
Let's use a simple example.
You lend your company £10,000 and charge 10% intere...
What tax planning should look like
If you think tax planning starts and ends with a low salary and dividends.
It doesn’t.
Good tax planning looks at the whole picture.
That includes your personal tax position, your spouse’s allowances, opportunities involving family membe...
If your self employed income is under £12,570, do you need to submit a tax return?
This was a question I had from a creator recently.
It's quite a good question because if you've got no other income and make £5,000 self employed, you'll probably have no tax to pay.
So do you still need to submit a tax return?
Generally...
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Accountant who works closely with business owners to understand and align their personal and business goals in the most tax efficient way
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