Ndubuisi Egwim explains that having Ltd after your name means nothing if you can't answer four questions: how to route income into the company, how to take money out tax-efficiently, which expenses belong to the business, and how the company supports your pension and long-term goals. He offers a free expense checklist of ten commonly overlooked deductions for doctors.
So how should income enter the company? How should money leave it? What belongs to the company? What remains personal to you? How can you take out money out of the company in a tax-efficient way? How should the company support her pension protection and long-term goals? These questions matter far more than simply having limited after your name. Look, I've created a free limited company expense checklist for doctors. If you don't know the expenses to claim, I've created— it's got like 10 common expenses that doctors leave out in a limited company. So I've created that. It's a checklist. It's not personal tax advice, but it will help you identify possible gaps and prepare better questions for your accountant, advisor, or protection specialist. It will help you also not to leave money on the table. You can download it using the link below in the description or just comment free and I'll send it to you free of charge.
