Contractors contract me regularly & ask why they have to pay so much tax – and usually the reason is because they have omitted to claim some expenses. Very often they either miscalculated the expenses or did not realise they could claim certain expenses.
I decided to ask my web-site designer to produce a chart that shows the impact company tax can have on your income.
Incurring expenses is all part of running a business, and being a contractor with a Limited Company is no exception. The company tax rate is 19%, and it is important to claim all your expenses you incur. We here at Eezibiz will help you to identify those expenses, and ensure you claim what you are entitled to claim.