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Changing from sole trader to limited company.

  • 22-11-2022 8:23pm
    #1
    cianlynchali
    Registered Users Posts: 86 ✭✭


    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



Comments

  • #2
    xElDeeX
    Registered Users Posts: 142 ✭✭xElDeeX


    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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