Giantvanman
MB Enthusiast
Knowing there are many diverse and intelligent people on the forum, can any give a rough outline what it takes to set up as a consultant (is sole trader the correct term for tax purposes etc?).
Are we correct in assuming that it would be best to hire an accountant for NI, Income Tax and whatever else has to be paid out?
The consultancy would not be buying and selling; it would be giving a service to a law firm for which they would pay… my wife's time is not cheap!
Any help and advice will be appreciated and thanks in advance.
Are we correct in assuming that it would be best to hire an accountant for NI, Income Tax and whatever else has to be paid out?
The consultancy would not be buying and selling; it would be giving a service to a law firm for which they would pay… my wife's time is not cheap!
Any help and advice will be appreciated and thanks in advance.