Dazzer21
Member
One of the companies I work for filled me in the other day (bearing in mind the time of year we're at) on how they handle their tax affairs - one of the directors was telling me how he had a reduced tax bill this year due to his accountant's clever, legal, manipulation of the system.
One seemed a no-brainer when I heard it but I'm wondering how easy it would be to manipulate from a freelancer's perspective - they run TWO companies, which means they have twice the amount of non-taxable allowance and they run one at a loss.
Consequently, they are way bigger than I'll ever be, yet they are paying less tax than me!!! Is anyone on here a real whizz on this sort of thing and can maybe share some knowledge to help us one-man-bands be more efficient in these trying times?
One seemed a no-brainer when I heard it but I'm wondering how easy it would be to manipulate from a freelancer's perspective - they run TWO companies, which means they have twice the amount of non-taxable allowance and they run one at a loss.
Consequently, they are way bigger than I'll ever be, yet they are paying less tax than me!!! Is anyone on here a real whizz on this sort of thing and can maybe share some knowledge to help us one-man-bands be more efficient in these trying times?