Many people start out trading as a Sole Trader since it is the simplest approach to get started and trade, then advance to forming a limited company once the firm starts to produce acceptable profits.
If you are a locum or thinking about coming one in the near future talk to us for clear concise advice – we deal with hundreds of locums / IT contractors each year.
For a relatively low monthly charge, Asmat & Co can take care of all of a sole trader’s accounting and taxes needs. We can help with a variety of Sole Trader accounting services, including assisting with business registration and providing continuing support and assistance.
Our Commitment To You :
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Free contractor/locum start-up advice.
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Do you think you’re paying too much tax? You are almost likely overpaying the Chancellor if you haven’t done any planning. Give us a call for a free tax health check.
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The advantages and disadvantages of a sole trader vs a company structure
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IR35 – this applies to all locums/contractors who work via a corporation. Is your company deal exempt from IR35? What steps can you take to reduce the risk? How can you keep one step ahead of HMRC as they continue to target Personal Service Companies?
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Are you claiming everything you’re entitled to in terms of expenses?
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Buying a car: is it better to do it yourself or through a company?
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For start-ups, preferential payment arrangements can be agreed on for fixed monthly fees for accounts, tax returns, VAT (where applicable), and payroll.
