Sole trader client

Posted by Jasper21 PM | on Mon, 28/05/2012 - 10:04 2246 12 comments | report

My question is,

Van = £20,000

Expenses = £3,000

Is client better off operating as a sole trader at this low profit level and claiming all van costs through the business (except limited private use) or should he trade as Ltd Co?

Thanks in advance?

Comments

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sole trader client

ChrisPoole | Mon, 28/05/2012 - 10:09

In the first year of business

Jasper21 | Mon, 28/05/2012 - 10:12

Any other personal income to offset the loss against?

ringi | Mon, 28/05/2012 - 11:44

time to change is...

Tom 7000 | Wed, 30/05/2012 - 11:51

Wrong question?

mike.golden | Wed, 30/05/2012 - 12:31

Wrong question?

mydoghasfleas | Wed, 30/05/2012 - 12:47

other issues

mr. mischief | Wed, 30/05/2012 - 13:07

Just one point

pauljohnston | Wed, 30/05/2012 - 13:28

Drawing money out of the business - overdrawn DLA

DMGbus | Wed, 30/05/2012 - 13:29

Three tax returns or one (or 54) a year?

DMGbus | Wed, 30/05/2012 - 13:41

12 page accounts or 2 page accounts

DMGbus | Wed, 30/05/2012 - 13:39

Licensing

DMGbus | Wed, 30/05/2012 - 13:44