Limited Company Chaos
Most entrepreneurs totally miss hit the bookkeeping and accounting system in their business and end up reviewing useless out of date data on an ad hoc basis. If you want to be a serious entrepreneur you need to transition to a finance driven business (not business driven finances) no matter if you are just starting out or an established national company.
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.
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