I have started a limited company and offering IT services. At present I am the sole shareholder and director.
Assuming I am within IR35,
(1) Should I operate PAYE?
(2) Am I liable to pay NI for company as well as NI on payaments to the director? Does that mean that I end up paying twice as much NI if had chosen to operate as a sole trader?
(3) Is there any tax calculator web link available for limited company tax calculations?
Assuming I am within IR35,
(1) Should I operate PAYE?
(2) Am I liable to pay NI for company as well as NI on payaments to the director? Does that mean that I end up paying twice as much NI if had chosen to operate as a sole trader?
(3) Is there any tax calculator web link available for limited company tax calculations?
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