HOW TO SAVE TAX LEGALLY FOR YOUR SMALL BUSINESS (UK)

Wondering how you can save tax as a business owner? Dan runs you through some simple, practical tips to get you started on saving some tax.

Topics include:

How to save income tax in UK

Recording keeping
Xero QuickBooks Excel
Dext Auto Entry Huddoc
Podcasts
Reducing tax bill for self-employed
Limited Company UK
How to reduce corporation tax
Paying yourself
Dividends
PAYE
How to save tax on salary
Trivial Benefits
Company Cards
Tax deductible expenses
Share structure
Paying spouse to reduce tax
ISA
Marriage Allowance
Pensions

… and more!

If you have any questions on this, please comment below.

Subscribe to our Podcast on Spotify and Apple: “The HeelanHub Podcast” - a show for small business owners.

You can see more about what we get up to as an Accountancy Business on the following:

#accounting #smallbusinessuk #tax

[YJK]

You always provide great advice and tips. Many thanks. Great channel

[jeffrybob]

Trivial benefits for Directors if Limited is also something small business Directors can benefit from. Love your videos, thank you

[milesking]

Hi Dan - another great video, pitched at the right level (for me) as a small Ltd business owner. Much appreciated.
I know you briefly had a short video on pensions. I know you are not a pensions advisor, but some guidance/thoughts about Ltd Co payment into pensions (alongside salary and dividends) would be a great topic for the new tax year. The 'wholly and exclusively' test warrants some explanation.
Please keep up the good work!

[theCodetest]

Hi, please can you recommend a video you have that explains how to calculate biills if you are a sole trader and work from home. Thank you so much

[NightInACity]

Hi, can I add profit and expenses from multiple self-employed businesses to report as one amount.
Even when 1 business is making a loss and another making a profit.

[ConnorM]

Any videos or tip on mobile phones for director and that part explained?

[jaiharji]

Amazing videos. So helpful. Can you create one on how a Ltd company can invest surplus/profit in the stock market. With pros and cons. That would be amazing!!!!

[lfcburt]

Can I claim on office supplies bought on amazon before registering the company?

[mahammedibrahim]

what if i dont have a business card and i have been using my personal account for expenses over 5k+?

[ravenhide]

What if the receipts kept over the years are faded and haven't been captured. Can you use bank transaction record to back up what you claimed for lets say 3 years ago?

[Nuggeton]

Any tips on saving tax when I sell a small uk business? 38k invisible assets? 30k customer goodwill, 17for veh n equipment, total sale 48k ThanQ Russ