Blog

Applause on the radio!

Applause on the radio!

I had the pleasure of being a guest on BBC Radio 4 Money Box Live on Saturday, discussing the pros and cons of trading through a limited company following the Spring Budget. For those of you who had better things to do – hopefully all of you! – you can listen to the show here.

For the show, I had prepared some figures showing that the tax saving from using a  company at a profit level  of £40k will double over the next few years – from £1,100 now to £2,200 in 2020/21. This is because of the cuts in corporation tax and the change to Class 4 NICs announced last week.

However, as I pointed out, the potential tax saving is only one factor and using a limited company may not be for everyone. If you are considering trading through a limited company, please seek advice before you make a decision.

If you would like some assistance or have any questions on the above or any other areas of accounting or tax, please contact us at stephen@applauseaccountancy.co.uk

Applause Accountancy Services Limited takes every care in preparing material to ensure that the content is accurate and up to date. However, no responsibility for loss for anyone acting from or refraining from acting as a result of this information can be accepted by Applause Accountancy Services Limited.


Leave a Reply

Your email address will not be published. Required fields are marked *

Share this page

Categories