Incorporation Decisions using your 20:20 Innovation Tools

Objectives

Ensure that delegates are aware of tax issues to consider when advising clients on whether or not to incorporate in the 2024/25 tax year.

Be able to make good use of the relevant 20:20 Innovation platinum member tax tools to be able to efficiently analyse the tax consequences of the decision.

Key topics

This short webinar will consider:

• The taxes payable if a business operates as a sole trade or a partnership / LLP
• The taxes payable if a business operates as a company
• The profit levels where one structure has a benefit over the other
• The Excel tools that 20:20 Innovation platinum members have access to to quickly undertake these calculations.
• Consequences of storing profits in the company
• Other relevant commercial considerations

Please note that Scottish income tax rates will be discussed but not be factored into the calculations undertaken in this webinar.

Who should attend

Tax seniors and managers who advise clients on whether or not to incorporate.