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 100979 advent of stakeholder pension plans has meant that contributions up to œ3,600 per year can be made withoutrepparttar 100980 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 100981 best net relevant earnings (i.e. salary) in five consecutive years can be used for making contributions forrepparttar 100982 next five years, even if there were no salaries inrepparttar 100983 remainder four years. It is comforting to know that entitlement to basic state pension is not affected by taking a salary fromrepparttar 100984 company atrepparttar 100985 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 100986 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 100987 users. These are generally higher thanrepparttar 100988 straight apportionment between private and business for all car running costs inrepparttar 100989 case of sole traders.

The conclusion is that there can be considerable tax savings waitingrepparttar 100990 sole trader who decides to go downrepparttar 100991 road to incorporation. But, one needs to proceed with caution and careful planning. And don't forgetrepparttar 100992 biggest advantage of incorporation, which is Protection from Personal Liability. Incorporating is one ofrepparttar 100993 best ways to protect a business owner from personal liability. Shareholders of a company are generally not liable forrepparttar 100994 obligations ofrepparttar 100995 company. Creditors of a company may seek payment from its assets, but notrepparttar 100996 assets ofrepparttar 100997 shareholders. This means that business owners may engage in business without risking their homes or other personal property.

Thank you for takingrepparttar 100998 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 100999 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 101000 preparation of this article,repparttar 101001 author cannot accept responsibility for any errors or omissions. Proper professional advice should be taken at all times.

We retain copyright forrepparttar 101002 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!

Why You Should Be Writing Articles

Written by Ken Hill

Continued from page 1

This isrepparttar trade off you have withrepparttar 100978 ezine publisher, and if you write a good article you will find that many ezine publishers will be glad to publish you in their ezines.

This can translate into thousands and thousands of subscribers finding out about your business, and visiting your site.

Not only that, but many ezine publishers also keep an archive of their past issues on their site so that they can provide their visitors with samples ofrepparttar 100979 quality content found in their ezines.

Once your article is published in an ezine, your article could literally be listed for years in one of these archives providing even more free advertising for your business.

And because many search engines use link popularity as a guide to ranking your site, getting your article listed in these archives can substantially boost your site's search engine ranking as well.

How can you start writing articles for publication in ezines?

The main thing for you to concentrate on when writing an article for publication in an ezine is providing your readers with valuable information.

Choose subjects that you know about and write about them with a sincere desire to help your readers learn something new or learn how to do something better.

What you write about depends on what you know, but if you've been marketing your business online for awhile, it's very probable that you can think of a number of topics that you could write about and transform into high quality articles.

Share your knowledge freely, and you will find that you are able not only to provide ezine publishers with quality content for their subscribers, but also to substantially increase your profits withrepparttar 100980 unlimited free ezine advertising you can get from writing articles.

Article 2002 by writer, Ken Hill. Discover proven tips, techniques, and strategies to successfully promoting your business in ezines. Get your FREE 6 part "Guide To Profitable Ezine Advertising" mini-course now at mailto:freezinecourse@zipresponse.com

    <Back to Page 1
ImproveHomeLife.com © 2005
Terms of Use