Thread: Tax advice
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Pet @ www.gymratz.co.uk
 
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Michael Mcneil wrote:
Anyone got a link to an accountancy type forum. I want help with some
self employment tax issues.
TIA.


Not really advice with regards to your plight, but, one trick others
might consider, especially those Self employed types that need to stash
money for paying taxes is.... change (or re-mortgage) to an "offset"
mortgage which you can stash away as much money you like and not pay a
drop of tax. The interest earned is the same as the interest you are
paying on your mortgage, thus either reducing your monthly repayment or,
increasing the speed at which your mortgage is repaid.

i.e. you are getting savings from your investment at a good rate of
interest tax free!



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