Limited company advice

Conor:
the costs you have with setting up and running a limited company not only for the bills you pay but the cost of the “free time” you spend doing paperwork things like keeping legally required records for the WTD etc, and travelling to accountants…

It cost me £16 to set up a company, about £12 a month for PL insurance and I spend about 10 minutes a month doing tax returns. I also dont spend ages travelling back and forth to accountants as its done via email and phone which eats up about 10 minutes a month.
Its not all doom and gloom.

Course the biggest advantage of being ltd is that when it comes time to do the taxes, some income gets…ahem…“forgotten” and some expenditure gets suddenly remembered…