Business Structure Review

sole trader vs limited companyThe question of sole trader vs Limited Company becomes one you need to answer when your annual profits are more than £35,000. Should you be a limited company to avoid paying class 4 National Insurance contributions over £8,060 profits and class 2 National Insurance contributions of £2.80 per week?

There would be an additional £700-800 on accounting fees and extra responsibilities from being a director but if your profits are £25k plus per annum you could save tax.

 

Who is this for?

  • Sole traders making more than £35k profits or more per year
  • Partnerships making £30k profits or more with 2 partners, £38k or more profits with 3

Indicative Fees

Our fees are £250+vat to set up