SOLE TRADER to LIMITED COMPANY / Consultation with an Accountant
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Description
Experience Level: Entry
Hello all,
I'm a costume designer-maker that has been working as a sole trader in the UK since 2014, since 2020 from home too.
Since my business is doing a little better recently, I'm considering to register my business as a limited company and take advantage of the potential tax perks.
The online guidance I'm finding on the supposed extra admin this transition would add to my routine seems to be different from source to source, generating plenty of questions and confusion.
I'd like to sit down with a professional and:
- Have him/her accurately look at my specific situation and set of circumstances and guide me in figuring out if this is actually the best way forward for me.
- If yes, how to do it step by step. I'd need this in writing to avoid mistakes.
- I'd like to discuss if potentially I could continue to handle the admin alone, as I have been doing with my self-assessment tax returns.
- Or, in case that'd feel too burdening or risky to carry out alone, what'd be the prospective cost involved and process of hiring an accountant every year.
If you have the right expertise to help me with this please do send along your proposal.
I don't see this taking more than 1 hour as a consultation, but please let me know your thoughts.
Thank you!
I'm a costume designer-maker that has been working as a sole trader in the UK since 2014, since 2020 from home too.
Since my business is doing a little better recently, I'm considering to register my business as a limited company and take advantage of the potential tax perks.
The online guidance I'm finding on the supposed extra admin this transition would add to my routine seems to be different from source to source, generating plenty of questions and confusion.
I'd like to sit down with a professional and:
- Have him/her accurately look at my specific situation and set of circumstances and guide me in figuring out if this is actually the best way forward for me.
- If yes, how to do it step by step. I'd need this in writing to avoid mistakes.
- I'd like to discuss if potentially I could continue to handle the admin alone, as I have been doing with my self-assessment tax returns.
- Or, in case that'd feel too burdening or risky to carry out alone, what'd be the prospective cost involved and process of hiring an accountant every year.
If you have the right expertise to help me with this please do send along your proposal.
I don't see this taking more than 1 hour as a consultation, but please let me know your thoughts.
Thank you!
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100% (2)Projects Completed
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Last project
1 Mar 2024
United Kingdom
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