It is not unusual for us to save our customers more in taxes than they pay in fees. Here are some reasons why

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Manage the timing of VAT registration

If you charge consumers up to £84,999 per year for your services, your VAT bill could be 0. If you charge consumers £85,001 per year for your services, your VAT bill could be over £14,000.

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If you intend to go over the VAT threshold, managing the timing of your registration could save you as much as £14,167 in VAT.

 

Given that managing VAT returns can cost in excess of £1,000 per year, you also save from lower administration and time costs, with removed or lower risks of fines.

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Make an appropriate choice about whether to trade under different brands or names or companies

This can have substantial consequences on profit taxes, income taxes, and VAT bills. For example, if you have separate business activities managed through different companies, you might be allowed separate VAT thresholds for each business.

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Make an appropriate choice about whether to trade under different brands or names or companies

This can have substantial consequences on profit taxes, income taxes, and VAT bills.

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Withdraw earnings intelligently

For every £100,000 of cash available from your business to you each year, loss to taxes can be over £33,000 with poor income management or under £27,000 with effective income management. Given that you need to complete accounts anyway, choose Tile Accounting to help make sure you are saving at least this £6,000 per year from appropriate withdrawal methods.