Home Office Stress Busters

Written by BB Lee

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 117545 advent of stakeholder pension plans has meant that contributions up to œ3,600 per year can be made withoutrepparttar 117546 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 117547 best net relevant earnings (i.e. salary) in five consecutive years can be used for making contributions forrepparttar 117548 next five years, even if there were no salaries inrepparttar 117549 remainder four years. It is comforting to know that entitlement to basic state pension is not affected by taking a salary fromrepparttar 117550 company atrepparttar 117551 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 117552 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 117553 users. These are generally higher thanrepparttar 117554 straight apportionment between private and business for all car running costs inrepparttar 117555 case of sole traders.

The conclusion is that there can be considerable tax savings waitingrepparttar 117556 sole trader who decides to go downrepparttar 117557 road to incorporation. But, one needs to proceed with caution and careful planning. And don't forgetrepparttar 117558 biggest advantage of incorporation, which is Protection from Personal Liability. Incorporating is one ofrepparttar 117559 best ways to protect a business owner from personal liability. Shareholders of a company are generally not liable forrepparttar 117560 obligations ofrepparttar 117561 company. Creditors of a company may seek payment from its assets, but notrepparttar 117562 assets ofrepparttar 117563 shareholders. This means that business owners may engage in business without risking their homes or other personal property.

Thank you for takingrepparttar 117564 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 117565 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 117566 preparation of this article,repparttar 117567 author cannot accept responsibility for any errors or omissions. Proper professional advice should be taken at all times.

We retain copyright forrepparttar 117568 contents of this article. Any unauthorized copying or onward distributions are prohibited without our consent.

BB Lee is editor and publisher of SmallBizBits FREE home business newsletter.

Is Working From Home Really For You?

Written by Joe Bingham

Continued from page 1

It's not easy doing things differently, but unless you dorepparttar job you'll never progress. This is where your desire to succeed will be tested.


Trust me on this one. It is SO easy to start wanting to liverepparttar 117544 benefits of working from home before you've earned them. Sure, you'rerepparttar 117545 boss, you can take a day off whenever you want, but then nothing gets done that day either.

You will need to be able to discipline yourself, motivate yourself, and regulate your activities. You'll still need to work toward goals, meet schedules, and plan forrepparttar 117546 future.

Lack of continued effort is probablyrepparttar 117547 number one cause of failure in home businesses. Many, many people haverepparttar 117548 desire, some haverepparttar 117549 courage, but most still falter when it comes to gettingrepparttar 117550 work of building their own business done day after day.

It's going to take a while to get where you want, and it will take continued effort not only to reach your goals, but maintain that lifestyle once you've gotten there.

Working from home is NOT an occupation reserved for any sort of elite group. Others that have proven successful at it are no better than you, me, or anybody else.

It REALLY is possible to makerepparttar 117551 dream of working from home come true. Yes, anyone can do it.

It's simply a matter of having an active desire, courage to make changes, andrepparttar 117552 discipline to see it all through.

So, IS working from home REALLY for you?

Only you can answer that.

------------------------------------------------------------------- If you could be taught to work from home by others that are already achieving their goals, would you listen? We haverepparttar 117553 roadmap to success. Do YOU Have The DESIRE? Visit Now! http://www.greatoworkfromhome.com

Written by Joe Bingham ofrepparttar 117554 NetPlay Newsletter http://www.netplaynewsletters.com ------------------------------------------------------------------

Joe Bingham is the editor of the NetPlay Marketer -- THE Ezine for READERS!!!

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