Recent content by SoloLTD

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    Sole Trade -v- Limited Company

    Thanks. Will speak to them when I can. Before I do, let me ask just one more little question about expenses against tax due. Say the company had £100,000 of profit before tax and therefore owes £19,000 in corporate tax. Say if the company needed a new computer, and they bought one for £1,000...
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    Sole Trade -v- Limited Company

    Ah right. I was assuming that if you don't earn much, its better to work as a self employed sole trader as you pay less tax. Where as if you are earning more, it becomes tax efficient to use a LTD company. But running some rough numbers, it seems like the LTD is almost always better? For...
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    Sole Trade -v- Limited Company

    Are you referring to this bit: If so, I meant that I hope we will be earning more next year and the one after, as we raise our rates, get more clients etc. If that happens, then it would make more financial sense to use a LTD company if we are doing £75k instead of £30k. It is my...
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    Sole Trade -v- Limited Company

    My partner and I currently work through our LTD Company. But we don’t earn/generate that much income so I’m wondering if we would be better off switching to regular self-employed? The main deciding factor I think would be the expenses that can be claimed. Can anyone tell me if these expenses...
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