General Chat Thread, Employed & Self EmploymentOperating a Ltd Company in General; Hi there,
I am currently employed and want to remain that way, certainly for the time being. However, I have ...
8th August 2011, 08:03 PM #1
Employed & Self EmploymentOperating a Ltd Company
I am currently employed and want to remain that way, certainly for the time being. However, I have a number of opportunities to do additional work but would like to do this by either a) declaring the additional income via self assessment and paying my NI/Tax or b) setting up a Ltd company and putting the additional work via this. and taking dividends every quarter/ 1/2 year.
I'm assuming that the most tax efficient route for me would be operating a Ltd Co and that this would also have the additional 'image' benefits and the possible ability of setting up credit accounts with wholesalers but can someone who has possibly done the same let me have your experiences/opinions.
Thanks in antisipation.
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