Originally posted by SupremeSpod
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Reply to: sole trader
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Previously on "sole trader"
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Originally posted by Boudica View Posti have a little bit of admin work and the client would like me to be a sole trader, has anyone ever done this before?
also, she will want a small LAN set up soon, is anyone interested in doing this? spod?
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Originally posted by *Clare* View PostThe sole trader bit would be a pain - you'd have to declare it on an extra page on your tax return and potentially pay more tax and NI. To her, it makes no difference if you're Limited or sole trader so maybe worth trying to put your foot down and insist on being Limited.
Plus - there's actually more risk to her if you're a sole trader, as if HMRC investigate and decide you should have been an employee then the penalties and extra tax will fall on her rather than on you (which is why agencies won't touch sole traders with a barge pole).
So you end up paying more than Ltd outside IR35, but much less than inside IR35. However, you have zero worry about IR35. Personally I would bite their hands off if clients would offer me sole trader.
Another consideration is liability. If you work through a Ltd, you are shielded by the LtdCo. As a sole trader, you can be personally held liable, so make sure you have up-to-date insurance.
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Originally posted by MarillionFan View PostIt's not really clear. But Spod. Can you just confirm. Do you setup LANS?
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The sole trader bit would be a pain - you'd have to declare it on an extra page on your tax return and potentially pay more tax and NI. To her, it makes no difference if you're Limited or sole trader so maybe worth trying to put your foot down and insist on being Limited.
Plus - there's actually more risk to her if you're a sole trader, as if HMRC investigate and decide you should have been an employee then the penalties and extra tax will fall on her rather than on you (which is why agencies won't touch sole traders with a barge pole).
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Originally posted by Boudica View Postthanks doggy x
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Originally posted by Boudica View Posti am not sure, it is just what she preferred, she uses a lot of 'consultants' of the educational variety and seems it is what they do.
do you set up LANs?
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i am not sure, it is just what she preferred, she uses a lot of 'consultants' of the educational variety and seems it is what they do.
do you set up LANs?
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Originally posted by Boudica View Posti have a little bit of admin work and the client would like me to be a sole trader, has anyone ever done this before?
also, she will want a small LAN set up soon, is anyone interested in doing this? spod?
Why the Sole Trader request?
With regards to the LAN setup you'd be better finding someone local to your client so that support/troubleshooting would be easier.
Thanks anyway.Last edited by SupremeSpod; 14 July 2010, 16:17.
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sole trader
i have a little bit of admin work and the client would like me to be a sole trader, has anyone ever done this before?
also, she will want a small LAN set up soon, is anyone interested in doing this? spod?Tags: None
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