Hello
I currently work part time and am not liable for tax as I fall under the threshold ( under £6500 per year). I am looking to setup a LTD company to work alongside this were I will be earning on at most £9k-12k.
I will be renting an office for this, and other cost involved. I would like to know how this would firstly effect tax wise, what I would be liable to pay ect.
As I will be paying VAT is it worth me registering for this.
I also wanted to know how taking out dividends as wage exactly work as its not clear to me. As my capital gains is low and my outgoings and incoming is straight forward do I need an accountant for this or can it be done myself.
I'd be grateful if someone can get back to me and I am in Lancashire if someone can offer something reasonable pricing going forward with this.
Thanks
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