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Changing from sole trader to limited company.

cianlynchali · 2022-11-22 20:23:49

Hi all. I have been a sole trader for the past 6 months. 85% percent of my work is as contractor into a large company. That company wants all sole traders to become limited companys. Does is make sense on the company point of view. What way does the tax work? Will I be paying myself a wage like paye?. Is there much more…

22-11-2022 09:23PM

#1

cianlynchali

Registered Users, Registered Users 2 Posts: 86 ✭✭

Join Date: August 2012

Posts: 50

Hi all. I have been a sole trader for the past 6 months. 85% percent of my work is as contractor into a large company.
That company wants all sole traders to become limited companys. Does is make sense on the company point of view.
What way does the tax work? Will I be paying myself a wage like paye?. Is there much more paperwork etc.?. Is it worth it?.
Thanks

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Comments

#2 28-11-2022 04:28AM

xElDeeX

Registered Users, Registered Users 2 Posts: 142 ✭✭

Join Date: January 2014

Posts: 136

Consider contacting a company that specialises in this and let them do the work for you. PM me for a recommendation. They can maximise your income and take the admin out.

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