Hi
I'm a contractor on a £350 day rate and have been operating through and umbrella. i set up a ltd to operate that way, but now have had a permanent offer or employment from end of may when my contract finishes. Would I be better to just file to close the company and not trade at all through it (to save hassle) or is it worth sticking with it to get tax savings on such a short period. i am up to my allowance so will have to pay dividend tax.
Please help, it's doing my head in!
Thanks
I'm a contractor on a £350 day rate and have been operating through and umbrella. i set up a ltd to operate that way, but now have had a permanent offer or employment from end of may when my contract finishes. Would I be better to just file to close the company and not trade at all through it (to save hassle) or is it worth sticking with it to get tax savings on such a short period. i am up to my allowance so will have to pay dividend tax.
Please help, it's doing my head in!
Thanks
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