Written by Jennifer Johnson

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 124467 advent of stakeholder pension plans has meant that contributions up to œ3,600 per year can be made withoutrepparttar 124468 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 124469 best net relevant earnings (i.e. salary) in five consecutive years can be used for making contributions forrepparttar 124470 next five years, even if there were no salaries inrepparttar 124471 remainder four years. It is comforting to know that entitlement to basic state pension is not affected by taking a salary fromrepparttar 124472 company atrepparttar 124473 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 124474 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 124475 users. These are generally higher thanrepparttar 124476 straight apportionment between private and business for all car running costs inrepparttar 124477 case of sole traders.

The conclusion is that there can be considerable tax savings waitingrepparttar 124478 sole trader who decides to go downrepparttar 124479 road to incorporation. But, one needs to proceed with caution and careful planning. And don't forgetrepparttar 124480 biggest advantage of incorporation, which is Protection from Personal Liability. Incorporating is one ofrepparttar 124481 best ways to protect a business owner from personal liability. Shareholders of a company are generally not liable forrepparttar 124482 obligations ofrepparttar 124483 company. Creditors of a company may seek payment from its assets, but notrepparttar 124484 assets ofrepparttar 124485 shareholders. This means that business owners may engage in business without risking their homes or other personal property.

Thank you for takingrepparttar 124486 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...


Alternatively, you can visit our website at http://www.tax-accounting-london.info and read a series of other full length articles that presentrepparttar 124487 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 124488 preparation of this article,repparttar 124489 author cannot accept responsibility for any errors or omissions. Proper professional advice should be taken at all times.

We retain copyright forrepparttar 124490 contents of this article. Any unauthorized copying or onward distributions are prohibited without our consent.

Jennifer Johnson is the owner of Logo Design Zone. She can create a 100% unique, totally memorable logo for your business - for UNDER $200! Does your current logo make the grade? Take Logo Design Zone's free logo quiz and find out!

Thirty Creative Ways to Use Business Cards

Written by Linda Elizabeth Alexander

Continued from page 1

16. Wear them! Use them as nametags at meetings and conferences instead ofrepparttar "Hello, my name is ..." type of tags.

17. Keep a stack of cards everywhere you might need them - in your car, your jacket pocket, your briefcase, your purse or wallet, in your planner, at home, anywhere you can think of. Then you'll always have some on hand when you meet a prospect.

When to Use Them:

18. Give them out during your personal meetings when you meet someone new: at your church, your children's soccer games, at lunch with your friends when someone brings a guest. To be more polite, you could have a personal "calling card" printed up with your information to use in these situations.

19. If you do seminars, have your participants exchange cards with each other. Have them write a compliment aboutrepparttar 124466 person onrepparttar 124467 back before they hand them out. Everyone will have a wealth of contacts; they will remember each other and it will also give participants a boost of confidence.

20. Ask neighborhood businesses if you may display your cards near their registers.

21. Tack them to bulletin boards at supermarkets, restaurants, retail stores andrepparttar 124468 library - anyplace that has a bulletin board.

22. Give out two cards at a time - one for your prospect or client, and one for her/him to give away.

23. Place some onrepparttar 124469 table when you leave a restaurant.

24. Agree to mailrepparttar 124470 cards of other businesspeople inrepparttar 124471 mailings you do, if they will dorepparttar 124472 same for you. Your networking circle will grow as your cards are passed around.

How Not to Use Business Cards:

25. Don't give them to a member ofrepparttar 124473 opposite sex inrepparttar 124474 hopes that s/he will call you. I have a friend who was told this wouldn't work. He did an experiment for six months to prove it, and his friend was right! Sadly, not one woman called him. Although he does have a girlfriend now!

26. Some people don't give out business cards when they meet a prospective client. Instead, they send a follow- up note later with their card enclosed.

Other Types of Business Cards to Have

27. Business card CD-ROM. If you haven't seen these yet, they are a mini-sized CD that plays in any CD player and has your contact information on it, as well as an introduction to your business.

28. Email Signature. Put your contact information into a signature file for email, along with a link to your website (be sure to includerepparttar 124475 "http" in order to make it "clickable.")

29. Vcard. These are electronic business cards that recipients can click on and automatically add to their address books. Do a web search for "vcard" to find software that supports this technology. Then use it in all your emails!

30. One consulting company, which works with designers of products for people with disabilities, prints their cards in Braille. It reminds their clients how they can help them comply with disability laws. It also gets people asking for information.

Linda Elizabeth Alexander is a business writer and marketing consultant based in Longmont, Colorado, USA. Improve your writing skills at work! Subscribe to her FREE ezine. Write to the Point at lalexander@write2thepointcom.com or visit http://www.write2thepointcom.com/articles.html.

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