Moving funds to limited company before tax year ends?
Im self employed right now earning £100K+ a year. Paying like 40% tax
I don't sell anything because i'm a streamer that plays games.
If i was to create a limited company today, could i put all the money i made this tax year into the company in time for 2020 april tax end date?
Or only from the date of the company creation?
- Casey YLv 72 months ago
You don't inherently need to move your money over to that entity, there probably wouldn't be any tax benefit.
The point of having the LLC is that will be the entity that earns income going forward...
- Max HooplaLv 72 months ago
Do you have a question about moving funds?
- JudyLv 72 months ago
you'd still have to pay the tax