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A lot of new business owners ask me - how do I take money out of my limited company? Some things to bear in mind: Payroll - speak to your accountant as to whether payroll makes sense for you as a business owner. A lot of my clients take a salary of £12,570 as their Ltd company is their sole source of income. Employment allowance - check if you are eligible as this can reduce your employers NI bill (must be more than one director on payroll). Pension contributions - can reduce your corporation ta
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The W-2 tax secret your CPA isn't telling you If your accountant only files your returns once a year, you are missing out on major tax savings You need a CPA who builds a customized, year-round tax plan to help you leverage business and real estate investments Follow for more!
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