This video covers how to pay less taxes 2021 and, specifically, how to legally avoid income tax 2021 using multiple tax saving tips 2021. We use a pay less tax uk example and showcase potential uk tax savings. These are legal uk tax loopholes focusing on the tax uk self employed people will encounter. If you’re asking how to reduce my tax bill 2021 or how to reduce your taxable income 2021 then this session should show you potential strategies on how to reduce taxable income 2021 and pay less taxes legally. We leave the UK tax system explained and different UK taxes explained. DISCLAIMER: I am not a financial adviser and you should check with yours before making any financial decisions.
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Timestamps:
00:00 - Intro
00:48 - Are you Kai or Hazel?
01:19 - Step 1: Choose your tax
02:40 - Step 2: Think like a company
03:40 - Could you set up a company?
05:51 - Step 3: Structure your income
07:33 - Taking funds from your business
08:09 - Salaries Vs Dividends
08:21 - Salary Heavy Income
10:48 - Dividend Heavy Income
13:17 - Tax Savings at year end
14:36 - Step 4: Plan long term
14:44 - Options for company profits
16:09 - Click the Like Button
I hope you find this video helpful.
DISCLAIMER: Content on the Dan Rodgers YouTube Channel and any extensions thereof is intended to be used for informational and entertainment purposes only. It is important to do your own research before making any investment, financial or business decisions, taking into account your own personal circumstances. Dan Rodgers is not a financial advisor. You should always seek professional advice from certified professionals or independently verify any information you find on our channel, website or any of our other platforms, whether it is to make investment or business decisions or for any other purposes.
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