Tax Efficiency of Business Structure
Consultants practice either through a limited company, a partnership or self-employed alone. To determine the best route, there are many considerations that we discuss with our consultant clients and this involves getting to know them and their circumstances well.
Factors to consider include who your clients will be, how much you expect to earn, what other income you have, how much income you require, whether your spouse can be involved in the business – and many more.
Furthermore, this is an area where tax legislation changes frequently and it is vital to revisit your business structure with us regularly. As always, the important thing is to take time to plan and to rely on our expertise to help you.