LIMITED COMPANY CHAOS - DO YOU REALLY NEED ANOTHER LIMITED COMPANY? If you have intercompany loans coming out of your ears and a never ending list of companies you can never get on top of, this one's for you. Less companies, less noise, less fees. Most entrepreneurs have an overly complicated group structure which sounds good on paper but commercially costs them more than they save. Do you really need all those companies? In this episode we are joined by Chartered Tax Advisor, Tej Gill, where we go back to basics and shed a light on what limited companies are and when they are required. The aim of the game is to have a simple set of companies that have all been set up to fulfill a required need. Keep it simple is the mantra in this one… which is easier said than done. Listening to this will save you money whether this comes by closing down unrequired companies or setting new ones up that minimise your tax liability. IS YOUR BUSINESS FINANCIALLY FIT? TAKE THE ACID TEST Just go to https://ufdacidtest.scoreapp.com/ to take the test, get a free personalized report, and find out if your business is financially fit.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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