Accountants for freelancers and consultants

A sole trader and a limited company are taxed very differently. A company pays Corporation Tax on profits and lets you take pay as salary and dividends, while a sole trader pays income tax and Class 4 National Insurance on all profit. At lower profits the difference is small and the extra filings may not be worth it, and at higher profits the saving can be significant.

We run your real numbers through the calculators on this site and give you a clear answer, not a rule of thumb.

• Sole trader and company compared on your profit
• Extra filings and costs counted
• Break-even point shown

If you already trade as a sole trader, moving the business into a new company has consequences for VAT registration, stock, equipment and the capital allowances you have claimed. Handled well, it is routine. Handled badly, it triggers tax you did not expect.

We plan the transfer, time it sensibly against your tax year and take care of the registrations.

• Transfer of the trade planned
• VAT and capital allowances considered
• HMRC registrations moved

Many consultants start alone and add an associate, a subcontractor or an employee. Each addition brings its own rules for payroll, IR35 and VAT. We make sure the company is ready for that step before it happens.

We also watch the VAT threshold, which advisory businesses can cross quickly with one large client.

• Subcontractors and employees
• VAT threshold monitoring
• Pricing and profit tracked