- This topic has 1 reply, 2 voices, and was last updated 7 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for June 2024 exams, Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Limited Co vs Sole Trader
Lets consider a situation.
Mr A has a full time job working as an IT Engineer earning a salary from employment of £70000. He wishes to pursue a side business and wants to provide IT consultancy/support to few of his clients. He forecasts to earn an additional £20000 annually from his consultancy work. Is he better off operating as a sole trader or as a Limited Co taking into account that Mr A is a high rate tax payer?
Lets see your consideration of the situation! If you do not have an answer then you should only be attempting exercises within relevant F6 study material where the answers are provided.