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Small Business Tax Advice

Track :

Business

Lessons no : 3

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What will you learn in this course?
  • Identify legal tax-saving strategies for small businesses to maximize profits and reduce liabilities using practical methods.
  • Apply tax-efficient salary structures for spouses and key employees to optimize business expenses.
  • Implement business structure changes to enhance tax benefits and improve financial planning.
  • Utilize deductions such as travel expenses and retirement plans to lower taxable income effectively.

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Lessons | 3


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20 inspiring (and legal) small business tax saving tactics Take money out of your business in the most tax-efficient way. ... Pay your spouse a tax-efficient salary. ... Consider paying class 2 National Insurance Contributions. ... Make key employees partners if you're a sole trader or partnership. 5 Ways for Small Business Owners to Reduce Their Taxable Income Employ a Family Member. Start a Retirement Plan. Save Money for Healthcare Needs. Change Your Business Structure. Deduct Travel Expenses. The Bottom Line.