Nah alot of mortgages look at your buisness accounts gross profit etc instead of personal so sometimes easier aslong as you aint alot of liabilities against your buisness
It will work the same.get 20% deducted from main contractor then you claim all that back at end of tax year then you'll pay corp tax if that makes sense
Yup thats true.most banks/lenders now ask for personnel guarantee that ull pay back if company goes bust which means whats point as buisnessoans are more expensive interest wise
Pros for ltd
Less tax paid
Buisness bank account
Liability is on buisness and not you
Looks more professional
Easier to get credit/mortgages
Cons
More accountancy fees
May go into vat threshold
Tell me what makes no sense? You've been left s**t houses because you can't do ur job and pay peanuts.your digging plastering out saying it ain't a skill whilst your a 2 bit site manager on probably barely £25k a year
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