Results 1 to 2 of 2
  1. #1
    Newbie
    Join Date
    October 4th, 2006
    Posts
    3
    UK: Ltd company or sole trader?
    Hi all,

    I’m a developing affiliate marketer. My main source of income is from IT contracting which I do out of my own Ltd company. I’ve been advised by my accountant and an IFA to not put my internet marketing income through the company but do act as a sole trader for that as there are more tax benefits.

    I’m not particularly out to nark off the taxman but there is a nasty legislation called IR35 which threatens my income from contracting – it’s complicated and I won’t bore you with the details – but one of the factors for staying outside of this legislation is the ‘nature of my business’ and how much I ‘appear to be in business’ as opposed to a ‘disguised employee’ using a Ltd company for tax avoidance.

    If I were to bring my internet marketing activities inside my Ltd I think that might help me in the event of a visit from Hector, particularly as I might be doing some Adwords management, blog set ups, SEO and other consulting on the side which I advertise on my company website. I do tech support as my day job contracting but the internet marketing consulting is looking like it might start kicking off. I would prefer to have them under the same umbrella.

    I am very much in business for myself and would prefer it if I didn’t have to jump through all these hoops but Gordon Brown seems hell bent on whacking IT contractors every opportunity he has.

    I suppose my real question is – if you already had an IT related Ltd company would you operate your online business through the Ltd or as a sole trader?

  2. #2
    Moderator MichaelColey's Avatar
    Join Date
    January 18th, 2005
    Location
    Mansfield, TX
    Posts
    16,232
    It sounds like you're in the UK so I'm updating the thread title to make that clear. (Let me know if I'm wrong.) That should help you get some more relevant advise.
    Michael Coley
    Amazing-Bargains.com
     Affiliate Tips | Merchant Best Practices | Affiliate Friendly? | Couponing | CPA Networks? | ABW Tips | Activating Affiliates
    "Education is the most powerful weapon which you can use to change the world." Nelson Mandela

  3. Newsletter Signup

+ Reply to Thread

Similar Threads

  1. Guitar Trader reversals
    By Asif in forum Commission Junction - CJ
    Replies: 5
    Last Post: March 31st, 2004, 10:01 AM
  2. Guitar Trader?
    By IRS in forum Commission Junction - CJ
    Replies: 4
    Last Post: March 8th, 2004, 07:03 AM
  3. Hello from Guitar Trader
    By Catfish from GT in forum Introduce Yourself
    Replies: 7
    Last Post: June 8th, 2003, 10:00 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •