Company Matters: I want to start a new venture, but I have a taxing question
I am thinking of setting up a new venture. I am not sure if any extra taxes could arise as a result of the company structure. Can you help?
I am thinking of setting up a new venture in the service sector and like the idea of using a company structure as it gives me limited liability protection.
Also, it will mean that I do not have to pay the marginal rates of income tax as I will only take a small salary so any income will only be taxed at the 12.5 per cent rate.
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