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accountant costs and life admin
That probably depends on what service you are providing
For example, I'm a one-man band selling consulting services - I pay 150 per month to my accountants, who prepare & file all of my returns (incl. VAT), and my personal return.
Admin for me is < 2 hours a week, filling in expenses, preparing & sending invoices.
But - IR35 is going to make things trickier in a few months time
NotThamesWater-
IR35
God. That's a fucking ballache and thrown a spanner in the works.
Don't suppose if you know if the extra cost of IR35 puts you back in the overall tax position you'd be as an employee, or actually puts you at a disadvantage?
Everything I find is selling me accountancy services to avoid it.
As I said my motivation isn't tax, but obviously I don't want to end up paying more tax, more costs, and add admin.
hugo7
Thanks that answers it.
It's partially to work out ltd. vs self-employed - main motivation is limited liability, but just trying to work out if the meagre tax advantage is enough to eat accountant costs and life admin.