ACCOUNTANT EXPLAINS: How to Pay Less Tax

Video quality	The size	Download

Information ACCOUNTANT EXPLAINS: How to Pay Less Tax

Title	:	ACCOUNTANT EXPLAINS: How to Pay Less Tax
Lasting	:	8.42
Date of publication	:
Views	:	712 rb

You talk of seeing a financial advisor,but how do you find one this day and age that is trustworthy?
Comment from : John McCrae

Hi Nischa, Thank you for your video In Spain the pension is taxed in the future I dont know all the maths but generally speaking is there a way to minimize tax cost foe this Is it even beneficial?
Comment from : chinedu iloanusi

Great video, is there a video on holding company structure for business owners and the benefits
Comment from : Tunde Foresythe

Fantastic thank u
Comment from : Madam Butterfly

Just make sure you don't claim a room as exclusive business use if you own the property, as that may create a capital gains tax liability on sale of the house
Comment from : Iain Arthur

i’ve watched 2 videos of yours and they’re basically regurgitating rich dad poor dad, im learning nothing new 😞
Comment from : Ross Mate

Please do more UK accounting videos!! Thanks so much Nischa! ❤️ 🇬🇧
Comment from : M Pink

Any tips on PAYE?
Comment from : Xandermonkey

Can you please go into detail on how to set up and operate as a company & costs that would come with it? Both for a side husstle or to buy property through 🙏🙏🙈
Comment from : Rumy Plath

Hi @Nischa thank you for this channel I stumbled across it a few weeks ago, and I have been dedicatedly watching your videos KudosbrbrPlease, is it possible for an individual (employee) with a side hustle to get paid by their employer into their business account?brbrAre there any legal considerations to this?
Comment from : Titilayo Aleem

Very interesting but how can you pay less tax when you withdraw your pension?
Comment from : MeRecords

Excellent delivery on a topic I know nothing about I have always struggled with numbers and understanding anything about the financial world brIf you have any advice on pensions I for one will be grateful
Comment from : My View

could you make a video on how to file taxes and pay yourself, if all your income is cash based?
Comment from : theshylibraeatz

Thanks for the great work with this video 😊 brnot sure if you've covered this in a previous video, but what kind of company (LTD?) would I need if I were to plan on starting a youtube channel, maybe sell digital/physical products in the future? And under what SIC number/nature of business?brThanks in advance
Comment from : MicTache

I am learning so much from watching your videos Thank you so much for sharing this amazing source of information This one is quite helpful
Comment from : Raya Flora

Thank you Nischa! Have learnt so much from your videos Could you also do a tax saving video for India?
Comment from : Shashank Vishwakarma

Your taxed when you retire on this money Plus you have no control on this payment to a pension
Comment from : Pal Davi

I'd love to see a video on OffShore Accounts as well! Great stuff!
Comment from : Micah Kannike

You are SO helpful! Thank you 🙏 could you please make a video on how to manage taxes when you’re working both self employed AND paye? Are there any tricks to tips? Thank you!
Comment from : Fran Fowler

Hi Nischa if you work both for employer under Paye and you work for your own ltd company wouldn’t you be paying emergency tax on one your salaries ?
Comment from : Benjamin De-Veer

Pensions get taxed the fuck out of, atleast that's what my dad says
Comment from : Alex Cain

Trading212 does not allow you to own stock, they do it and can borrow ur stocks to hedge funds - do more investigation about it
Comment from : FurryPiglet

Your taxes video and one with 9 habits was so good information source How to pay less taxes in my country ? My taxes legislations changes faster than weather Can you give a hint about that ?
Comment from : Powiux7

I am guessing you are in the UK I am not sure if this is right or not, so I wanted to ask someone that might know The first £12750 that you can make and pay 0 tax on Can you claim that back every year? Or is it just the first year that you start work?
Comment from : Joel Brown

Hi Nischa, I’m in the high income tax bracket, but my pension contributions put me in the low tax bracket… what allowance am I entitled to for tax purposes and my tax return? I am confused about this, so any advice would be much appreciated
Comment from : 98 days to go #SHORTS

Hi Nischa, absolutely loving your content! Please can you make the video about offshore accounts, advantages of shell companies and property investing (buy to let vs Airbnb, how to buy your own property with a limited company and is it worth it? Also you could talk about why businesses buy a G-wagons - Section 179 deduction)brKeep up the great work! brbrPs I would love to collaborate with you in the future
Comment from : Carl Pointer - Body Hype

please do all the things that u mentioned at the end :)))
Comment from : Mayank N Dasannacharya

Could you claim a portion of your rent through expenses as your home is a workplace?
Comment from : TheyCallMeTheWickerman

please go over off shore accounts please!
Comment from : Ari

Thank you! That really helped me understand Tax that I would of struggled with researching on my own Can you reinvest funds from a company you set up into stocks?
Comment from : Neil Vaughan

You are truly professional and very kind, intelligent, honest and I enjoy all your videos The knowledge that you share with public is very concise, we need more videos from British Professionals, educating us lot on many aspects Taxation code and method must be applied in a way that should benefit the working class, so thank you Nisha for sharing this information with us Wish you all the best in your career and personal life
Comment from : Rusalia Gumerova Chinghizhan AI

What pension plan can I make as self-employed?
Comment from : Wojciech Filaber

Thank you for your explanation
Comment from : MOHAMMAD DRAMMEH

Just dont pay your taxes and leave the country 😂
Comment from : M G

Hi Nischa, I really enjoyed this video I was just wondering did you do a video on opening an offshore account?
Comment from : Loz V Food

What part of UK is she from?? brI’m from the States trying to see what UK accent is from what part of UK
Comment from : urScorpioLady

Hello Nischa, at 3:59 you mention 'borrowing money' from your pension to buy property Please could you elaborate on this? Thank you in advance!
Comment from : Ben Holmes

Perfect 👌🏽
Comment from : RJ-Sach

In the US, the progressive tax is applicable only to federal income tax You must pay other fixed-rate taxes (FICA, Medicare, and State) and additional Medicare tax based on the income bracket This tax rate also dictates the rate on the supplementary allowances (eg, performance bonus, living, lease, etc) Income brackets also disqualify one from receiving affordable housing and discount on groceries So, net income can significantly dip if we are near the intersection of two income brackets
Comment from : PC

Thank you so much for this video! This is just what I need at the current moment I would love to see more in depth tax savings tips brI’ve been maximizing the allowable traditional 401k thru my employer and next year I will also max out my Roth IRA We have a house but it’ll be paid off at the end of this year but with the 2018 tax law change we haven’t been able to deduct any interest in years so I’m running out of options on reducing our tax liability I do max out HSA as well as use the 5k of dependent care spending allowance each year I also have an ETF investment account with tax loss harvesting feature although it doesn’t have a really high balance brAny other insight will be greatly appreciated!
Comment from : Iris Flower

Well done
Comment from : Pelham H

Enjoying your content, thanks Nischa Finance content is flooded with people saying to invest in the S&P500 Would be interested to see a video of the trade offs and limitations we face in the UK when investing in things like $VUSA (eg exchange rate exposure) and what we can do to improve returns
Comment from : David Gaskell

Where is the offshore business overview?
Comment from : Simply Awesome

Great content,great english ,great smile
Comment from : Khytrenko Bohdan

Property investment in a tax efficient way please 🙏
Comment from : Sergiu Voloc

Can you set up as a company to save tax when it comes to owning your real estate as well? Or is that different?
Comment from : mehdi11

Great video Awesome to have the UK represented in finance niche Subscribed 🎉
Comment from : HeavyMetalVegan

Friendly reminder that taxation is still theft Always good to learn how to curve the governments hunger for your hard earned money
Comment from : 57ashdot

For small businesses, especially loss-making, it’s often better to structure it as self employment because you can offset losses against your PAYE income to get a tax refund
Comment from : George Maier

Yes, please cover how to use offshore accounts Please also cover it from the US perspective please
Comment from : Sacha Fontaine

Creating offshore accounts tickels my interest 😂 Thank you for this eye-opening financial world and information platform You hold great knowledge Thank you, Nisha ❤ j
Comment from : Juan Pierre Bosch

This is quite insightful I do have a question Does it mean that if payments through a company account, you can not withdraw money from it for personal use?
Comment from : Makuochi Ijeh

me also unsure
Comment from : Nothing

In my country the politicians are too dumb to calculate progressive taxes so everyone falls under the no tax category
Comment from : Glicha Sasha

Nisha hi, I'm selling my small Ltd window cleaning company next year, how do I minimise my tax liability? My accountant does very little to guide me I apparently have assets of 38k? Where I don't know? Selling for 48k, van 11, equipment etc 7, customer profile 3Can you help please? Russ
Comment from : Russell Tetlow

Hello Nischa could you please make a video about: bonds, stocks (and dividends) or REITS ( or Real Estate overall) I follow you for a long time! Amazing content
Comment from : María Méler Sánchez

Step 1: Move to Dubai 😊
Comment from : Internet Made Coder

Power
Comment from : Robert Oprisor

I dont understand one thing Can you take money out of your investments in the ISA or will it get taxed? Like, if you couldn't, would't it be kinda of pointless since the money is locked in that account? I mean, better than investing after it has been taxed is way better but I don't actually understand how this works fuly
Comment from : Rodrigo G

Nice plug
Comment from : FailedSociety

Hi,brGreat vidiobrHow can I set up payments to my pentio that I pay less tax Is it automatic
Comment from : Thomas Finnerty

Great advice! Tax the poor, not the rich, Isn’t that why this country is in such a mess?
Comment from : RJR

Outstanding delivery Nischa ! 77 requests for this "offshore account" But no video Did you make that bit up ? 🤣😆🤣
Comment from : Shares

Hi, I have a question with your investment with Trading212 Where do you get your investment deposits from, your personal accounts or your business accounts? If it's from your personal account, how does Trading212 help you mitigate your corporation tax?
Comment from : AF IBEABUCHI

Looking forward to more from this series!
Comment from : Alejandro Berrizbeitia

Fantastic succinct video 👏🏾👏🏾 Whilst I knew the majority of these, it’s so handy to share with others to help them too
Comment from : Christianah

Hi Nischa, can you make a video on how these building societies make profit and don't pass the profit to members and not paying interest to loyal members and line their pockets What happens if majority of members move their money out How they secuterise mortgage and sell borrower's mortgage to other financial institution
Comment from : Pankaj Morjaria

50,01K per year 40 tax rate, better go live in other place where it´s 0
Comment from : Tiago Oliveira

i am a boxer and taxes are annoying because they take half our paycheck thanks for the advice
Comment from : Matusalen Euripides Anaxagoras

Once again, clear and concise However can you give more examples/case studies in your videos and go into more depth
Comment from : Moodyz Zed

start your own business - only way to get ahead - get off the treadmill
Comment from : Oliver W

Camera, laptop, mic etc are tangible assets and not expenses They contribute to your capital and are not tax deductible…
Comment from : Richard Harper

Jai jinendra I wld like to see your video on How or what does senior citizens benefit from his pension on non taxes in any country ?br br2 Also wld like to understand taxes in movable and non- movable ones for senior citizens in any country
Comment from : hina sheth

how does the last one work? you didnt quite say?
Comment from : L W

Can we see the calculations (in an excel file) that take tax from £23,980 to £1,540 as in your thumbnail (click bait) yeah I didn't think so
Comment from : Anthony Jones

First time watcher and have to say really great and informative video brbrCurrently stuck on a few tax/investment issues and this gave some food for thought!
Comment from : L

4:00 they take tax when you take that money out once you retire so it’s not really un taxed
Comment from : Cesar Savage

Please do a video on how to set up off shore accounts! PS new subscriber - great information you are providing :)
Comment from : Afzal Anwar

is it legal for me and my wife to set up a business in which we do NOT take profit but still claim expenses for what we can to do with that businessbrdoes HMRC need to see tax returns every year even if for example we dont have any income one year and all income would be cash only or can we purely set it up as a way round of reducing our tax bill 😉
Comment from : Possle

Thank you for uploading this amazing video
Comment from : PeacenBlessings

Thank you Nischa, the knowledge you pass is invaluable Tell me how I can convince my accountant to deduct the no-tax income from my final taxable amount Like we have 600K annual nontax slab, but my accountant is posting tax in my account inclusive of free tax income shown above Any technical advice for me? Appreciate your help! Regards,
Comment from : Salman Javed

Great video look forward to more
Comment from : Chris Magee

Just opened a trading account 🎉I almost 100 of the time never sign up to software being promoted / sponsored on YT videos but you deserve the referral fee! So glad to have discovered your content today ❤
Comment from : MA A

Late to this but thank you Nischa! You’re doing all of us a service!
Comment from : Claire

So the only useful information is basically to pay some into the pension scheme
Comment from : Hasan surgeon

HelloI started a mobile food service last year and I also have a full-time job I know that certain businesses and ride share contractors can't write off their miles until they get to their first stop I use half of my garage as a commissary/warehouse (area where I prep, clean equipment & pans and store inventory) and for book work With my situation, am I able to start writing off miles when I leave my house? I have one location where I set up, so I'm not going to different locations Thanks
Comment from : ilc1234

My request Borrowing money against your pension to buy a property! (That seems super tax efficient and will encourage me to save in to a pension rather than savings which is far more efficient, so how does it work?
Comment from : Alex Coles

hi Nischa - please could you make a video about a salaried employee opening a company to hire someone for their side hustle? Is it allowed? What are the tax implications?
Comment from : Garima Bhandari

Who's here for US taxes and noticed this lady has a British accent, scrolled down and the location is London oops! 🤣
Comment from : SweetlifeWellness

THIS WAS THE BEST VIDEO ON TAX THANKS!!
Comment from : Kegger123 Mane

do the one on offshore accounts, Nischa!
Comment from : selfrighteous88

Earning less is one way to avoid paying more income taxes If you spend less life is also less stressful once you have all your bases covered How much stuff do we really need to be content? John 3:16
Comment from : Paul Turner

Hi Nischa, do you have a video about ‘Tax Depreciation’ ? If not , could you please make one as I believe lot of users would love to get the information about itbrThnaks 😊
Comment from : Aman Bhamra

you dont have to pay tax there is no law! show me the law
Comment from : chantal haegeman

Tips start at 2:38
Comment from : All We Do is Twin User

Hi Nischa Thank you for the tips Is it possible to elaborate on how to get rental income under a company structure? Would the rented property need to be owned by the company (as an asset) or can it remain under personal ownership? Also what qualifies as allowable expenses in this case? Apologies if you have already made a video about this I have just discovered your channel and I absolutely love it so far!
Comment from : Cecile G

so if you pay yourself a salary from your LLC, and your salary is 10K, so you pay no personal income taxes, and lowers your LLC earning by 10K?
Comment from : Dan the Man