Incorporation

The current tax regime is definitely geared to running your business through a limited company at the moment.

Even if your turnover is relatively low, it may still be worth looking at, particularly if your incentive is to minimise your tax liabilities and leave some of your profits in the business to help it grow. However, it does mean that the results and details of the business are available to the public, albeit in an abbreviated form for small companies, at present.

If you would like to discuss the possibility of switching your business from Sole trader/partnership to limited company, call us to arrange a meeting to look at the options and discuss the likely effect.