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Are you working as a Corporation or as an Individual?

Discussion in 'Business & Tax Advice' started by LyNHS, Jul 24, 2010.


Do you work as a Company, or as a Sole Trader / DBA?

  1. Company (Ltd etc.)

    0 vote(s)
  2. Sole Trader / DBA

    0 vote(s)
  3. Other

    0 vote(s)
  1. LyNHS

    LyNHS Regular Member

    Jul 20, 2010
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    Hi Guys,

    It would be cool to find out if you're are working as an Indivudal/Sole Trader/DBA or you have your own Company?

    I'm from the U.K, and I understand that with Mr. Cameron now taking the seat as the new Tax Man, I'm allowed up to £10,000 before I can pay any tax - but I wanted to know whether that only applied to Company's, or to sole traders/ the self-employed.

    As a general rule of thumb, I always pay the Tax Man and the Doctor - and never try to find ways of getting around it, because it will only come round and bite you in the butt ... so, any advice to save money on my earnings would be cool.

    Do you generally pay more as a Company? I guess I'll be better of speaking to an accountant with the 20 question I have!

    Thanks in advance for all your input guys!