Sole trader Vs Limited Company

Posted by Carolynne PM | on Thu, 25/02/2010 - 11:29 689 5 comments | report

Does anyone have advice on someone who is going to be running a chauffeur and Taxi business with a turnover of about £30,000 per annum. There will be a limo and a taxi brought into the business as assets, as I have been asked if he should start as a sole trader or set up a Limited company. Which would be the most tax efficient method?

I also wanted to know how the treatment of vehicles differ, depending on how he sets his company up.

Many Thanks

Carolynne

Comments

There are 5 comments. Login or register to view them.

see an accountant

Anonymous | Thu, 25/02/2010 - 14:14

Interesting point on the vehicles

Nichola Ross Martin | Thu, 25/02/2010 - 15:02

it would appear that you need some assistance

dbowleracca | Thu, 25/02/2010 - 22:13

Response to D Bowler (Sole Trader Vs Limited)

Carolynne | Fri, 26/02/2010 - 11:37

licence

Anonymous | Fri, 26/02/2010 - 12:33