Should i trade as sole trader or setup as Limited company?
Should I become a sole trader or setup a Limited company? Having decided to be your own boss, you have to do away with the job search and all the stress that employees undergo. This kind of thought brings out the entrepreneurial spirit in you. However, the decision is...How are dividends taxed
Taxation of dividends When the company makes a profit, the benefits paid to all shareholders are classified as dividends. Because of the potential tax benefits, small business owners often pay a dividend in both the salary and not just one or the other. Like any other...Free Fast Track Business Banking
Your Virtual Office London provides a free fast track business bank account service for all Limited Company formations. A limited company in the UK should have a business bank account to show all the income and expenditure of the account. This makes it a lot easier as...Limited Company or sole trader the differences explained
Not sure what to do? Registering as a Limited Company can be more beneficial with tax advantages when compared to being a Sole Trader Updated July 2016. Over the years, many of our clients have come to us and asked if they should change from being a sole...