Just wanted to ask how many of you lucums have formed a limited company, and whether the tax savings you envisaged have actually materialised, taking into account the accounting costs, costs of running a business account and whatever other costs there are in running a ltd. Company.
I've locumed for the last year now and am wondering whether its worth forming one especially since corporation tax is coming down and Class 4 NI is going up from this April. I try to work 5-6 days a week and hopefully get a yearly gross income of 50-55k.
Have any of you used Shipleys tax consulting advertised above for your ltd. Company? How gave you found them?
Would appreciate any help,
'costs of running a business account'
If you open an business account with Nationwide, no charges and you will be paid interest. I have had one for 15 years with no problems. Must have saved 1,000s.
johnep
Thanks for the advice, think ill have to pop into my local nationwide!.
Been reading up on this IR35; do locum pharmacists who work somewhere different everyday fall outside IR35?
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