There are long-standing assumptions around when it will be more tax efficient to incorporate and we explore them hear. By the virtue that even profits of £25,000 would be better off as an incorporated business as there is no requirement to pay Class 4 NI on dividends but you must weigh this up with the increased costs of running a limited company. Accountancy fees are normally higher, Companies House levy fees for your annual confirmation statement etc and the time of extra administrative duties all mount up. Smaller business that are trading as sole traders with profits around £18,000 to
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