There are many reasons why you may decide to set up as a limited company. If you are planning on growing your company and can envision a high turnover, setting up a limited company will have many benefits including saving tax.
However, there are many tax bills you need to be aware of and along with it an increase in related admin. Your tax bills will likely to be:
2. Payroll taxes
3. Corporation tax
As a director of the company, you will also need to pay personal income tax which is not through your company…. Continue Reading