Managing Customer Uncertainty

Written by Kennette Reed


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 106664 advent of stakeholder pension plans has meant that contributions up to œ3,600 per year can be made withoutrepparttar 106665 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 106666 best net relevant earnings (i.e. salary) in five consecutive years can be used for making contributions forrepparttar 106667 next five years, even if there were no salaries inrepparttar 106668 remainder four years. It is comforting to know that entitlement to basic state pension is not affected by taking a salary fromrepparttar 106669 company atrepparttar 106670 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 106671 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 106672 users. These are generally higher thanrepparttar 106673 straight apportionment between private and business for all car running costs inrepparttar 106674 case of sole traders.

The conclusion is that there can be considerable tax savings waitingrepparttar 106675 sole trader who decides to go downrepparttar 106676 road to incorporation. But, one needs to proceed with caution and careful planning. And don't forgetrepparttar 106677 biggest advantage of incorporation, which is Protection from Personal Liability. Incorporating is one ofrepparttar 106678 best ways to protect a business owner from personal liability. Shareholders of a company are generally not liable forrepparttar 106679 obligations ofrepparttar 106680 company. Creditors of a company may seek payment from its assets, but notrepparttar 106681 assets ofrepparttar 106682 shareholders. This means that business owners may engage in business without risking their homes or other personal property.

Thank you for takingrepparttar 106683 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 106684 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 106685 preparation of this article,repparttar 106686 author cannot accept responsibility for any errors or omissions. Proper professional advice should be taken at all times.

We retain copyright forrepparttar 106687 contents of this article. Any unauthorized copying or onward distributions are prohibited without our consent.

Kennette Reed, CLP, is a customer retention specialist, author, marketing professional, public speaker and interior landscape consultant. She provides customer service and marketing consultation services to firms across the country. Subscribe to "Customer Connections" FREE newsletter and receive a FREE report, "Delivering Exceptional Customer Service". Subscribe at: www.topica.com/lists/customerconnections


Training Your Customer Service Organization

Written by Kennette Reed


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 106663 advent of stakeholder pension plans has meant that contributions up to œ3,600 per year can be made withoutrepparttar 106664 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 106665 best net relevant earnings (i.e. salary) in five consecutive years can be used for making contributions forrepparttar 106666 next five years, even if there were no salaries inrepparttar 106667 remainder four years. It is comforting to know that entitlement to basic state pension is not affected by taking a salary fromrepparttar 106668 company atrepparttar 106669 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 106670 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 106671 users. These are generally higher thanrepparttar 106672 straight apportionment between private and business for all car running costs inrepparttar 106673 case of sole traders.

The conclusion is that there can be considerable tax savings waitingrepparttar 106674 sole trader who decides to go downrepparttar 106675 road to incorporation. But, one needs to proceed with caution and careful planning. And don't forgetrepparttar 106676 biggest advantage of incorporation, which is Protection from Personal Liability. Incorporating is one ofrepparttar 106677 best ways to protect a business owner from personal liability. Shareholders of a company are generally not liable forrepparttar 106678 obligations ofrepparttar 106679 company. Creditors of a company may seek payment from its assets, but notrepparttar 106680 assets ofrepparttar 106681 shareholders. This means that business owners may engage in business without risking their homes or other personal property.

Thank you for takingrepparttar 106682 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 106683 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 106684 preparation of this article,repparttar 106685 author cannot accept responsibility for any errors or omissions. Proper professional advice should be taken at all times.

We retain copyright forrepparttar 106686 contents of this article. Any unauthorized copying or onward distributions are prohibited without our consent.

Kennette Reed, CLP, is a customer retention specialist, author, marketing professional, public speaker and interior landscape consultant. She provides customer service and marketing consultation services to firms across the country. Subscribe to "Customer Connections" FREE newsletter and receive a FREE report, "Delivering Exceptional Customer Service". Subscribe at: www.topica.com/lists/customerconnections


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