Business Structure Review
The 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
Our fees are £250+vat to set up