Free money for business owners
October 2019Read more
As business owners ourselves, we understand the pressures you’re under!
When you’re busy with the business, it’s so easy to neglect your personal finances. It’s also easy to miss opportunities to harness your business to benefit your personal finances. For example, you could be using your commercial property and personal pension to save tax. If things are going well and you’re building up capital reserves, there are various options for growing them in a tax-efficient way.
There are probably more options than you realise. The problem is that they can be complicated and time-consuming to research. That’s where we come in.
Your business may be doing well, but how’s your personal financial situation?
Is your money working for you, or is it losing value? Are you on track to achieve the things you want in life, or are you heading for disaster?
These aren’t easy questions, but they are important ones.
That’s where we come in. Our financial heath check helps you to make sense of it all. We’ll provide you with a high-level summary of finances. We look at:
At the end, we’ll provide you with a one page summary, that either shows:
There’s lots of ways to use your business to create financial security for you and your family.
For example, your business can:
The best part is these are all treated as deductible expenses, which means they will reduce your corporation tax liability.
Buying a commercial property through your pension is a popular type of investment, particularly for business owners who have their own premises.
To fund the property purchase, the business can contribute into a pension. Any contributions will be treated as allowance expenses, reducing your corporation tax liability.
By holding a commercial property in your pension, you will benefit from:
Want to know more? Drop us a line.