Anatomy of a Successful E-Business Web Site

Written by Shannan Hearne-Fortner


Continued from page 1

Aren't there any other matters to consider in deciding whether to incorporate or not?

Higher administration costs to comply with company law, payroll and bookkeeping is one factor. Another issue is pension planning. Extracting profits out ofrepparttar company as dividends rather than salary means that there will be no "net relevant earnings" and therefore pension contributions can't be made. Butrepparttar 134490 advent of stakeholder pension plans has meant that contributions up to œ3,600 per year can be made withoutrepparttar 134491 need for any earnings. If a person does not wish to transfer funds in existing plans into stakeholder because of high charges, there is a way out:repparttar 134492 best net relevant earnings (i.e. salary) in five consecutive years can be used for making contributions forrepparttar 134493 next five years, even if there were no salaries inrepparttar 134494 remainder four years. It is comforting to know that entitlement to basic state pension is not affected by taking a salary fromrepparttar 134495 company atrepparttar 134496 level of a person's personal allowances i.e. œ4,615.

Furthermore, an individual may decide not to bother with pension plans and instead invest in ISA. Often, these can be more efficient than pensions but that's besiderepparttar 134497 scope of this article. If that option is taken, no salary is necessary.

Another factor is business motoring. It might be tax advantageous for an unincorporated business that owns many cars not to incorporate because if these cars have some private use there will be benefits in kind taxed onrepparttar 134498 users. These are generally higher thanrepparttar 134499 straight apportionment between private and business for all car running costs inrepparttar 134500 case of sole traders.

The conclusion is that there can be considerable tax savings waitingrepparttar 134501 sole trader who decides to go downrepparttar 134502 road to incorporation. But, one needs to proceed with caution and careful planning. And don't forgetrepparttar 134503 biggest advantage of incorporation, which is Protection from Personal Liability. Incorporating is one ofrepparttar 134504 best ways to protect a business owner from personal liability. Shareholders of a company are generally not liable forrepparttar 134505 obligations ofrepparttar 134506 company. Creditors of a company may seek payment from its assets, but notrepparttar 134507 assets ofrepparttar 134508 shareholders. This means that business owners may engage in business without risking their homes or other personal property.

Thank you for takingrepparttar 134509 time to read this Article. I hope you've found it useful. If you have, please drop me an email and let me know what you think.

You can email me at...

constantinesavva@accamail.com

Alternatively, you can visit our website at http://www.tax-accounting-london.info and read a series of other full length articles that presentrepparttar 134510 complete picture on a variety of interesting topics.

If you would like to know how to save tax and make sure that more of your hard earned cash stays with you to expand your business and increase your profits, we have a Free Special Report addressed to small businesses either starting up or already in business. This Exclusive Free Special Report is available automatically when you subscribe to our regular series of Free Newsletters on finance advice and tax planning by visiting our subscription area on our website www.tax-accounting- london.info. It is complied from real life situations dealing with small business tax affairs for over 10 years and it is loaded with down-to-earth advice and practical, understandable examples.

LEGAL NOTICE Whilst every care has been taken inrepparttar 134511 preparation of this article,repparttar 134512 author cannot accept responsibility for any errors or omissions. Proper professional advice should be taken at all times.

We retain copyright forrepparttar 134513 contents of this article. Any unauthorized copying or onward distributions are prohibited without our consent.

hannan Hearne-Fortner has been marketing products, services, and customers' web sites on the internet for five years. http://www.successpromotions.com is one of very few long-lived, full service internet marketing and search engine optimization services specializing in working with women owned web sites. You can contact Shannan by sending mailto:shannan@successpromotions.com


FONTS: HOW TO CHOOSE BETWEEN THEM

Written by Tim North


Continued from page 1

Aren't there any other matters to consider in deciding whether to incorporate or not?

Higher administration costs to comply with company law, payroll and bookkeeping is one factor. Another issue is pension planning. Extracting profits out ofrepparttar company as dividends rather than salary means that there will be no "net relevant earnings" and therefore pension contributions can't be made. Butrepparttar 134489 advent of stakeholder pension plans has meant that contributions up to œ3,600 per year can be made withoutrepparttar 134490 need for any earnings. If a person does not wish to transfer funds in existing plans into stakeholder because of high charges, there is a way out:repparttar 134491 best net relevant earnings (i.e. salary) in five consecutive years can be used for making contributions forrepparttar 134492 next five years, even if there were no salaries inrepparttar 134493 remainder four years. It is comforting to know that entitlement to basic state pension is not affected by taking a salary fromrepparttar 134494 company atrepparttar 134495 level of a person's personal allowances i.e. œ4,615.

Furthermore, an individual may decide not to bother with pension plans and instead invest in ISA. Often, these can be more efficient than pensions but that's besiderepparttar 134496 scope of this article. If that option is taken, no salary is necessary.

Another factor is business motoring. It might be tax advantageous for an unincorporated business that owns many cars not to incorporate because if these cars have some private use there will be benefits in kind taxed onrepparttar 134497 users. These are generally higher thanrepparttar 134498 straight apportionment between private and business for all car running costs inrepparttar 134499 case of sole traders.

The conclusion is that there can be considerable tax savings waitingrepparttar 134500 sole trader who decides to go downrepparttar 134501 road to incorporation. But, one needs to proceed with caution and careful planning. And don't forgetrepparttar 134502 biggest advantage of incorporation, which is Protection from Personal Liability. Incorporating is one ofrepparttar 134503 best ways to protect a business owner from personal liability. Shareholders of a company are generally not liable forrepparttar 134504 obligations ofrepparttar 134505 company. Creditors of a company may seek payment from its assets, but notrepparttar 134506 assets ofrepparttar 134507 shareholders. This means that business owners may engage in business without risking their homes or other personal property.

Thank you for takingrepparttar 134508 time to read this Article. I hope you've found it useful. If you have, please drop me an email and let me know what you think.

You can email me at...

constantinesavva@accamail.com

Alternatively, you can visit our website at http://www.tax-accounting-london.info and read a series of other full length articles that presentrepparttar 134509 complete picture on a variety of interesting topics.

If you would like to know how to save tax and make sure that more of your hard earned cash stays with you to expand your business and increase your profits, we have a Free Special Report addressed to small businesses either starting up or already in business. This Exclusive Free Special Report is available automatically when you subscribe to our regular series of Free Newsletters on finance advice and tax planning by visiting our subscription area on our website www.tax-accounting- london.info. It is complied from real life situations dealing with small business tax affairs for over 10 years and it is loaded with down-to-earth advice and practical, understandable examples.

LEGAL NOTICE Whilst every care has been taken inrepparttar 134510 preparation of this article,repparttar 134511 author cannot accept responsibility for any errors or omissions. Proper professional advice should be taken at all times.

We retain copyright forrepparttar 134512 contents of this article. Any unauthorized copying or onward distributions are prohibited without our consent.

You'll find over 200 tips like this in Tim North's much applauded e-book BETTER WRITING SKILLS. It's just $19.95 and comes with a 90-day, money-back guarantee. Download a sample chapter here: http://www.betterwritingskills.com


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