Not sure of the best subforum to post this...
My accountant has demonstrated that I can save money overall by changing from sole trader to limited company status. I have no reason to doubt that, but I have two concerns about going down this road. First, the amount of extra admin involved and secondly, the fear of sticking my head above the parapet, thereby potentially raising a red flag to HMRC and ending up the subject of one of their fishing investigations, the thought of which makes my blood run cold.
I'm currently VAT-registered (by choice) I have no employees/colleagues, and my work is desk-based with very few business-related expenses. All my affairs are 100% legit, up to date etc; ie there's nothing untoward which could either to trigger an investigation or to get caught out with.
How well-founded are my two fears? Thanks for any advice
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