The way that you structure your business can be highly influential on how lucrative and prosperous it is. In our experience, many owner-managed businesses are best off when they structure themselves as companies, as this can reduce the tax burden substantially. They can do this by taking a small tax-free salary, savings allowance and dividends. Nonetheless, if your company is making under £40,000 a year, you may wish to operate as a sole trader to avoid compliance costs. No matter how lucrative
your enterprise is, we can help you structure it in the most tax-efficient manner possible.