Ridgefield Consulting's Accounting Advice

10 Ways to Reduce Your Corporation Tax Bill

August 03, 2022 Ridgefield Consulting
10 Ways to Reduce Your Corporation Tax Bill
Ridgefield Consulting's Accounting Advice
Show Notes Chapter Markers

In this episode, Poppy shares her top ten tips for reducing your corporation tax if you run a business through a limited company.

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1. Pay HMRC early
2. Directors should take a salary
3. Celebrate and reward staff with annual events
4. Claim travel mileage
5. Company mobile phones
6. Invest in Research and Development to claim R&D tax credits
7. Claim tax relief for operating in a creative industry
8. Consider an employee share scheme
9. Take advantage of the annual investment allowance
10. Work from home