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Where Taxpayers and Advisers Meet

Company start up with low income and tax liability

LondonGuy
Posts: 2
Joined: Wed Aug 06, 2008 3:54 pm

Postby LondonGuy » Tue Jun 12, 2007 1:04 am

Hi,

I am looking into starting a small company based on the following:

I advertise my services as a referral company for tutors. I get interest from a student and then contact my tutor who will deliver the teaching. The student pays the tutor £XX and I get £XX as referral commission from the tutor.

My commission is likely to be in the region of £100 a week.

I have a full time day job.

What kind of tax would I need to pay for the business? And what type of company would I need? Would it be limited?

Many thanks

Herbs16
Posts: 74
Joined: Wed Aug 06, 2008 3:53 pm

Postby Herbs16 » Tue Jun 12, 2007 1:42 am

Have you took advice on whether a company would be beneficial? it would depend on your profits as to whether this is a tax saving benefit.
My business email is onlineaccountancy@yahoo.co.uk
regards
colette


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