Incorporation and Disincorporation - Key Points

This course will cover the key points concerning:

• The basic tax burden – sole trader versus limited company
• Other tax issues to bear in mind – and other possible solutions
• Incorporating an existing business – the tax issues to consider and the three possible solutions
• Other tax issues on incorporation – capital allowances and VAT issues
• Tax efficient extraction of funds from a limited company, setting an appropriate rate of director’s remuneration and other profit extraction options
• Benefits in kind: company cars in the future and other sensible options for owner managers
• Leaving corporate status, either to continue or to cease business – what are the options and what are the potential tax outcomes and traps to avoid