News Archive for: Small Business Advice

Up-to-date tax news and articles that explore your tax efficiency.

Switching from sole trader to limited company

There are a number of reasons why someone might start freelancing as a sole trader; firstly their can be a tax advantage if you believe you will make a loss in your first year. Secondly you may just be dipping your tow in the freelance world to see if you like it. However when you realise it is for you, the limited company route has a large number of tax advantages and the benefit of protecting your personal belongings – if a limited company is sued, your personal belongings – house etc....

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