Originally Posted by ephemeris (Post 110655)

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.