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locum doctor queries

goldencrisp62 · 2015-06-11 14:45:40

Is there a reason why people set up a limited company when they go locuming? I don't understand the tax benefit of doing same.

11-06-2015 2:45pm

#1

goldencrisp62

Closed Accounts Posts: 114 ✭✭

Join Date: February 2014

Posts: 91

Is there a reason why people set up a limited company when they go locuming?

I don't understand the tax benefit of doing same.

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Comments

#2 11-06-2015 4:05pm

Xeyn

Registered Users, Registered Users 2 Posts: 555 ✭✭✭

Join Date: January 2012

Posts: 548

There are a lot more tax deductible options if youre a limited company. Best speak to accountant for the run down. I think you may be eligible for corporate rate tax which is capped at 25% rather than the 40% higher income bracket for personal tax but again I suggest you talk to an accountant. Depending on how much locum work you do you will almost certainly take home more as a Ltd company from my experience of chatting to locums.

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