Sole Trader or Limited Company ?

Have you ever asked yourself whether you pay more tax or would save more money trading as a 'sole trader' or 'limited company' ??

Well if the answer is YES, you can now see just how much by simply entering your annual profits in the 'Should I incorporate' calculator link below.

Calculations are based on the 2020/21 tax rates and a salary equivalent to the secondary threshold for NI £8,788 (2020/21),
ignoring Employers NI allowance and also assuming all available funds are withdrawn from the company

Of course there are many other factors to consider when deciding whether to trade as a 'limited company' and your decision should not be based on the tax savings alone.
To discuss all of these and many other issues surrounding a 'limited company' before making your final decision please get in contact with us.