Excellent Advice from SimonOTBC

My Accountant advised me to switch from sole trader to limited company status when I became self employed over 10 years ago.
On balance I have found that the tax savings outweigh the additional accountancy fees, general hassle ref extra admin etc.
Operating as a limited company also means that my house, car etc is safe if the business goes belly up.
Need to bear in mind that HMRC are very hot on limited companies complying with all the rules due to to `shell companies`being set up to avoid tax etc.
As SimonOTBC suggests need to talk to an expert.

Posted By: Barclay_Regular, Sep 3, 09:43:47