Nichola Ross Martin's Tax Consultancy

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Home Incorporation Tax savings on incorporation

Tax savings on incorporation

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The amount of tax to be saved by running a business via a company depends on the combination of many variables. At the most basic level when you extract company profits via dividend you will save National Insurance contributions (NICs).

A sole trader will pay both Class 2 and Class 4 NICs, a company owner need to pay any NICS. For workings see 

Will I save more tax if I trade through a company?

 

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