Tax Tip

With the increases in corporation tax and the reduction in national insurance rates there are fewer tax incentives to become a limited company.

However there are other reasons for becoming a limited company:
• To appear bigger
• Required by a customer or other for commercial reasons
• Limited liability
• Reasons to remain a sole trader
• Simplicity
• Privacy (your accounts are not in the public domain)
• May be more tax efficient if you have expensive taste in company cars

Obviously we can do some detailed calculations for you

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.