Evening all,
I have some long term work available for a US company, working from home in the UK, paid by BACS.
Original intention was to setup as a Sole Trader and bill US company once a month for hours worked @ £15 per hour.
Over half the accountants i've been speaking to for the last week, to get everything setup, have advised a Limited company would be better, lets me build up a company history, and gives me protection should anything go awry, and even after their fees (£95-195 p/m circa) it still slightly beats yearly earnings as a sole trader. They advise IR35 shouldn't ever effect me as working from the UK, with no employee benefits or place as work, as company is in the US.
As its only £15 an hour, the yearly income only differs by £200 odd comparing the Sole Trade VS Limited. I understand if I earnt a lot more, limited would offer much greater tax breaks.
So given the above is there any reason not to go ahead with my original intention as a sole trader, seems much simpler?
I have some long term work available for a US company, working from home in the UK, paid by BACS.
Original intention was to setup as a Sole Trader and bill US company once a month for hours worked @ £15 per hour.
Over half the accountants i've been speaking to for the last week, to get everything setup, have advised a Limited company would be better, lets me build up a company history, and gives me protection should anything go awry, and even after their fees (£95-195 p/m circa) it still slightly beats yearly earnings as a sole trader. They advise IR35 shouldn't ever effect me as working from the UK, with no employee benefits or place as work, as company is in the US.
As its only £15 an hour, the yearly income only differs by £200 odd comparing the Sole Trade VS Limited. I understand if I earnt a lot more, limited would offer much greater tax breaks.
So given the above is there any reason not to go ahead with my original intention as a sole trader, seems much simpler?
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