[danielf]

Originally Posted by Ramrod

Story told to me today. imo, a good illustration:
Let me give you a hypothetical (but probably typical) situation and see if you think if the tax 'management' is excessive......

Business takes about £260k, after expenses and wages for the jobs he creates (which put money back into the economy) the business owner makes about £160k.
Of that, he should pay about £50k tax according to HMRC.
So he has worked his little butt off to generate £260k of which he sees £110k!

<load of self-serving rubbish snipped>

This guys accountant comes along as offers to legally reduce the tax bill from £50k to £10k.........no brainer.

He's not much of a business man if he can't see the difference between turnover and profit. Or are you just massaging the figures to make the poor old business man look unfairly treated. He's actually worked to generate £160k of which he sees £110k, but somehow he thinks he should pay less than 10% tax rather than the 25 to 30% most of us pay.