Quote:
Originally Posted by dan300
I plan to be a sole trader to begin with. You can always change if the business grows to the point you should become a Limited company.
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Being a sole trader you pay less tax also but there are ways round this. I was recently offered the services of an accountant that would reduce my company tax bill which is hilarious when you think about it, especially as I'm company-less.
Remember also that if you're earning over £85,000 you'll need to register for VAT. Most people don't realise this, as in think they need to be paying it when they don't.