Berkeley Townsend
Chartered Accountants & Registered Auditors
Our business is to make absolutely
sure you never overpay the taxman
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Businesses


The incorporation of a business should be considered, as this may save higher rate tax (currently 40%). Business expenses and capital allowances should be claimed in full where appropriate.

As high Director's remuneration gives rise to heavy national insurance contributions for a company, it may be beneficial to pay dividends instead of extra remuneration. But beware of the IR35 provisions for Personal Service Companies in this respect.
It may be tax efficient to include as part of the remuneration package a company car, interest-free loan, company pension, etc.
It may be possible to reduce income tax by making a gift or settlement and putting income in the hands of those with smaller incomes than yourself.
telephone: 01277 22 70 70