Date: 20 Aug 2008    GMT: 14:34

Benefits

What are the benefits that Tekpay may provide?

• It offers a facility that could well increase your cash flow by over £20,000 per annum (depending upon the circumstances), an unparalleled legal means of substantially mitigating your tax burden
• You would receive a salary related to market rates as determined by ourselves
• A discretionary trust is provided from which you are able to receive interest-free loans. The taxation of interest-free loans is in line with current legislation and the relevant guidelines set down by the HM Revenue & Customs
• You do not need your own limited company or be VAT registered company, therefore associated costs are eliminated
• You would no longer require the services of an accountant to run your personal service company
• There are no IR 35 issues - the facility does not depend on claiming expenses which may be challenged
• The facility does not constitute a reportable tax scheme
• The facility does not constitute a Managed Service Company arrangement whereby monies are paid by way of salary and dividend
• Issues resulting from the “Dextra” case have been dealt with
• Employees Liability, Public Liability and Professional Indemnity Insurance are included
• The completion of your personal tax return for each fiscal year may be organised and should include any other income that you have or capital gains that you have made

Information request

If you are at all unsure or have any questions please e-mail us at info@tekpay.com for a prompt response.