Home » Personal accounting and tax planning
The client was considering forming a limited company to carry on the trade and was keen to understand the administration burden and tax implications of doing so.
We discussed the reporting obligations and duties of company directors. We modelled remuneration strategies from the company as a salary / dividend model to achieve the personal net income that the client required, outlining the personal and corporation tax implications. We provided a step-by-step guide of the incorporation process and actions to be taken in commencing trade under the company.
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