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Can I just ask something on an unrelated note, since you've been down this road: what are the costs of a Limited Company, in the long run? I've read that when t
by ashleyw 15y ago
Can I just ask something on an unrelated note, since you've been down this road: what are the costs of a Limited Company, in the long run? I've read that when tax time arrives, it's nearly impossible for a non-accountant to do, and so it'll cost a minimum of £400 for even the smallest company. Not a crazy amount, of course, but it'd put a dent in the profits of a young startup or side project. What's your experience been like?
- StavrosK 15y agoThat is accurate, I had accountants quote me £1,000 or more for ten invoices a year. It's absolutely crazy for something that takes two hours a year to do, and it seems to me like the space is ripe for disruption. Fortunately, I found a much, much cheaper accountant. I don't know if it'll come back to bite me in the long run, but it was the only way to keep the company profitable.
- ashleyw 15y agoBy cheap, is that near to my £400, or even less?