[dazmond]

Will now cost me a grand a year in employers N.I. being a sole director with no employees. Meaning next april i may have to employ someone to claim the employment allowance or just close the company and go back sole trader.  Dividend allowance is no more and dividend rate has increased over the last few years meaning im probably worse off than a sole trader when factoring in accountant fees.

Madness....

If your a one man band you would be  better off as a sole trader....you don't need an accountant either.Its really easy doing your tax return online these days esp if you use round software like CP,squeegee,Aworka,etc

[Slacky]

Isn’t a one man band by definition a sole trader?

[Stoots]

Will now cost me a grand a year in employers N.I. being a sole director with no employees. Meaning next april i may have to employ someone to claim the employment allowance or just close the company and go back sole trader.  Dividend allowance is no more and dividend rate has increased over the last few years meaning im probably worse off than a sole trader when factoring in accountant fees.

Madness....

If your a one man band you would be  better off as a sole trader....you don't need an accountant either.Its really easy doing your tax return online these days esp if you use round software like CP,squeegee,Aworka,etc

I know i used to my own accounts as a sole trader for years. I went ltd about 6 years ago because even factoring in accountant fees i was better off and because i envisaged myself employing and expanding and then you get the other perks of being ltd.  But recently it seems to have tipped the other way and theres next to nothing in it just more hassle with filing accounts.

Going to speak to my accountant about going back before april.

[Stoots]

Isn’t a one man band by definition a sole trader?

I suppose literally yes but sole trader is usually used to describe someone who is the sole owner and operator of their business  as oppossed to being a director of a ltd company. Both could be described as self employed but sole trader/director usually defines the different business structure.

[Perfect Windows]

How many of us would need to put up prices the day this drops?

It's a big tax on those who works out on the roads.    I bet Amazon Prime will double it's price 😂

It's so much more reasonable than the current flat rate where someone  driving only at peak times in a city pays the same (VED and fuel taxes) as someone who drives on empty country roads at 1pm. Bring it on.

We work to keep rounds efficient and our franchisees typically cover about 3,000 miles a year.

I don't notice many Amazon vans out in rush hour so they'll probably be OK.

Vin

[robert mitchell]

Isn’t a one man band by definition a sole trader?

No , a sole trader can have as many employees as they like , my mrs has about 17 employess as a sole trader partnership.