Tax Advise – Limited Company?
I have incorporated a limited company recently to minimize my tax payment. I am the sole director and there is no secretary. I work through agency on hourly basis. Do i need to pay employment tax and NI if i registered as a limited company? Does the IR35 apply to limited companies?
what i was intending to do is to take all the profit as a dividend hence avoiding employment tax. Can i consider myself as a Personal Service Companies or does my company fall in Managed Service Companies.
Please advise urgently.
Regards
JR Brown
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I’m On Holidaymaker Visa & Can Work 1 Yr As Contractor. Is It Advisable To Open A Limited Company?
Hi, I am currently on holidaymaker visa which I can take contract jobs for 1 year. Expected to earn more than 35,000 per annum, tax rate of 40%. Is it advisable to go through the hassle to open a limited company or go through umbrella company under the IR35 to tax savings? Any good agencies to recommend for limited companies opening + accounting or umbrella companies? Thanks
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