Discussion Zone: => General Chat => Topic started by: MIKE62 on December 19, 2011, 01:19:50 AM
Title: Limited Company or Sole Trader?
Post by: MIKE62 on December 19, 2011, 01:19:50 AM
A limited company can pay dividends out of the company profits. Hence there are significant limited company tax advantages over a sole trader in the case where net income is less than the 40% upper earnings threshold. The limited company advantages increase where the net taxable profit amount is above the 40% upper earnings threshold for income tax, since the tax rate for limited companies and on dividends payments, is less than the 40% higher rate income tax rate. [hide]
Title: Re: Limited Company or Sole Trader?
Post by: tkoold on December 19, 2011, 04:52:58 AM
You Sir Are deffintly Limited hence why you hide behind the Couch