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    Employed F/T with own business - tax implications of limited company vs sole trader

    @jdmsn !thanks
  2. F

    Employed F/T with own business - tax implications of limited company vs sole trader

    @bridgetbride !thanks
  3. F

    Employed F/T with own business - tax implications of limited company vs sole trader

    @bridgetbride !thanks According to gov.uk corporation tax is 19% whereas income tax is 20%. But (and this is the bit I am unsure about how it works in practice) if I reinvest the profits fully as I expect to be doing for the first few years, then I do not need to pay tax personally until I...
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    Employed F/T with own business - tax implications of limited company vs sole trader

    Hello. I am about to set up a trading business to run part-time alongside my full-time job. I will have separate bank accounts and plan to keep any profit within the business rather than use it for personal expenditure. It seems like it would be better to set up a limited company than be a...
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