Why set up an LLC
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20 inspiring (and legal) small business tax saving tactics
Take money out of your business in the most tax-efficient way. ...
Pay your spouse a tax-efficient salary. ...
Consider paying class 2 National Insurance Contributions. ...
Make key employees partners if you're a sole trader or partnership.
5 Ways for Small Business Owners to Reduce Their Taxable Income
Employ a Family Member.
Start a Retirement Plan.
Save Money for Healthcare Needs.
Change Your Business Structure.
Deduct Travel Expenses.
The Bottom Line.
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