5 ways to save tax

‘5 Top Ways to Save Tax’

By Paul Woodcock BA (Hons); FCA

www.pjwaccounting.uk

Who am I?

• Chartered accountant • Amateur photographer • Insanity devotee • Amateur Gardener


1. Use your family

Spouse’s wages. Children’s ‘pocket money’. Other family members. NIC limit or PAYE limit. Flexible dividends.


2. Get your VAT right

Is a VAT registration advantageous? Composition of customers. Size of business. Flat rate scheme.


3. Use of home as office?Use the Taxman standard rates Check out all other avenues % of the house used for business Licence agreement for Ltd co


4. Use of vehicleFPCS vs total vehicle costs FPCS vs benefit in kind When is FPCS more appropriate? Lease vs buy


5. Entertaining

Are you claiming the max? Are you claiming subsistence Do you know the benchmark rates Christmas parties and gifts


Who would I like to connect with?• Saving are applicable to all businesses


• But accountants not good at saving CGT• Estate Agents• Surveryors• Architects

How can you contact me?

Website – www.pjwaccounting.uk Linkedin – Paul Woodcock Twitter - @PJWAccounting Google+ - PJW Accounting Facebook - www.facebook.com/pjwaccountingltd Tumblr - www.tumblr.com/blog/pjwaccounting Instagram - http://instagram.com/pjwaccounting


http://www.facebook.com/pjwaccountingltd

http://www.tumblr.com/blog/pjwaccounting

‘Thank you for listening’


5 ways to save tax

Business