Sole tading
28 August 2012
I have been running a one-man recruitment consultancy for a few years now, and following the recent tax changes in the 2004 Budget, I’m considering incorporating, rather than remaining as a sole trader as I am at present. I’ve heard it’s supposed to be fi
Everyone’s situation is unique and you should always seek professional advice before taking any action. Though there are benefits to sole trading – in particular, the costs of incorporation and preparing statutory accounts and annual returns – this cost is small and it is generally better to incorporate.
It is a complex issue, and the new tax laws have...