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Sessions with Shaz Q&A’s on Incorporating, Shares, LLPs, and Cars

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Shaz is explaining the tax benefits of different business structures and discusses LLPs, limited companies, and partnerships

He also answers questions on company cars  and how to effectively structure shares to give you the most flexibility when paying dividends

This is a chance to hear great content about what you can do in your business to make sure you take are tax-efficient

 

KEY TAKEAWAYS

  • If you have a business you can incorporate your  property portfolio and not pay capital gains tax
  • A business is somewhere you work for more than twenty hours per week
  • If a partnership incorporates there is no stamp duty land tax to pay
  • A company is a separate entity
  • Create alphabet shares to give the flexibility to pay dividends to only one class of shares
  • Never own your home through a limited company as you will pay rental and capital gains tax on it
  • LLP is transparent for tax purposes and doesn’t pay any tax it’s the individual partners that pay tax
  • Capital allowances and company cars can lower the amount of profit and pay less tax to an  LLP
  • Work out the best structure for your business and add the tax to find out which is the best for you
  • LLPs are more flexible, limited companies are less flexible. With property have at least one business running as an LLP

 

BEST MOMENTS

‘With one property you are not that exposed’

‘With alphabet shares, you have the flexibility to pay different dividends’

‘If you are buying a car through a limited company buy an electric car’

 

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

 

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

 

 

 

 

 

 

 

  • Facebook
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  • WhatsApp
  • Email
  • Download

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Wealth Made Simple

This podcast is all about Business, Property and Tax. I’ll share my knowledge, experience and expert 
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