Most of you will probably have heard of buy-to-let: you buy a property and rent it out to someone else. But have thought about renting that property back to your own company?
One of the advantages of running your own limited company is the number of Corporation Tax breaks you can get. The problem is that most of us are too busy running a business to put the necessary time and research into working out what we should be doing, let alone how we should be doing it.
Okay, that’s not true, but now we’ve got your attention, let’s talk about how you can get HMRC self assessment ready and stop it being the bane of your life.
We get it. You didn’t set up a business to spend your days crunching numbers, dealing with tax returns or panicking about getting all your paperwork to your tax accountant on time.