LTD or Self Employed. Discussion ThreadLTD or Self Employed. Electrical Advice
LTD Or Self Emoyed.
HI, Everyone, not sure about best course of action. I've taken a full time job, (On the books) and I want to continue doing small jobs on the side (stay NICEIC registered). I am both Self Employed and LTD. I've spoken to the accountant, he said it's your call. If I close my LTD, I have to pay a tax when withdrawning my money.
I was aiming to keep my Self Employed status. Because I feel it comes with less admin and I won't be making much money.
It may sound silly but just paying the accountant for filing LTD business accounts is a chunk out of my profits.
PS, I am not business minded. I don't understand this tax stuff , just want things to be easier and simpler.
Please advise. I have untill next week to decide.
LTD or Self Employed. for the original thread on Electricians Forums
LTD Or Self Emoyed.
HI, Everyone, not sure about best course of action. I've taken a full time job, (On the books) and I want to continue doing small jobs on the side (stay NICEIC registered). I am both Self Employed and LTD. I've spoken to the accountant, he said it's your call. If I close my LTD, I have to pay a tax when withdrawning my money.
I was aiming to keep my Self Employed status. Because I feel it comes with less admin and I won't be making much money.
It may sound silly but just paying the accountant for filing LTD business accounts is a chunk out of my profits.
PS, I am not business minded. I don't understand this tax stuff , just want things to be easier and simpler.
Please advise. I have untill next week to decide.
LTD or Self Employed. for the original thread on Electricians Forums
