Vets Tax Option
The prime attraction of operating as a limited company is that you keep much more of your fee income – Contrast the difference in the following example:
| Self Employed | Limited Company | |
|---|---|---|
| Profit | 40,000 | 40,000 |
| Tax & National Insurance | 9,659 | 7,203 |
| Take Home Pay | 30,341 | 32,797 |
The Saving of £2,456 , in this example, speaks for itself!
Our costs for forming a limited company are £99 plus VAT - registration is completed within 24 hours of receipt of instructions and payment. Our annual operating fees are: self employed £550 or company £850 - see below:
Annual fees are subject to VAT but all the fee is tax deductible!