Hi
I am employed earning £27500, I also work self employed as well started a couple of months back.
I was advised to set up a Ltd company as this would keep things tidy, which I have done. I`m beginning to wonder if this is the best advice as I estimate bring in around £10`000 in the first year and most of this will need to put back into the business. I reckon the same thing in year two.
My question is regarding my tax position would I be in better position if sole trader/self employed, would I be able to claim a tax refund against my employed income? Also I plan to take further training to to benefit my self employed business costing around £3000 per year for three years.
Can any one please help me, any help will be appreciated.
Regards
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