Tag: self-employed
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The difference between a sole trader and a limited company
The main difference between a sole trader and a limited company is the legal structure. Sole Traders are self-employed individuals, who are the sole person in their business. As a sole trader, you have total control over any business assets and profits. This also means you are personally liable for all the debts of the…
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Employed or Self-Employed ? Why it matters to the Employer
When you hire someone, for tax purposes you need to understand whether the law sees them as your employee or sees them as self-employed. If they are your employee then you have important responsibilities, including deducting tax and National Insurance from their wages and paying the money over to HM Revenue & Customs (HMRC). If…