Published: Monday 17 November 2014
The tax landscape has been changing continually over the past few years. More and more veterinary practices have incorporated and are now running their practices through limited companies. Does that make it right for every practice? No. Is it right for your practice? Possibly.
This release considers more advanced areas of incorporation. Back in our Autumn 2013 Veterinary matters (http://goo.gl/s0gzoZ0) we covered introductory details on incorporation including tax savings and basic “what to think about”. It is critical to understand the triggers that help determine whether trading as a company or having a company within your structure is beneficial for you. Your personal and practice’s circumstances change over time and if these are not regularly reviewed against these trigger points, it would be worthwhile doing so.