1st Friday
Tax Chat

To incorporate or not to incorporate

To incorporate or not to incorporate

The age old question…and one that we get asked regularly.

The answer depends on a number of factors, however it is worth reviewing your position as incorporation can lead to significant savings.

For instance, a sole trader making business profits of £50,000 in 2014/15 could save tax of approximately £4,000 per year by incorporating.

Our advice, review your business structure each year to make sure that it is still the best and most tax efficient option.

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