Sole Trader or Limited Company Explorer
This sets out which considerations point which way for your situation. It does not give a recommendation or a tax calculation, because a reliable answer to this question needs your full circumstances.
Your Situation
Your locum income less your business costs, before tax
The single most important factor. A company mainly helps when profit can be left in the business.
Considerations for Your Situation
Enter your figures and the results will appear here.
This tool sets out the considerations that apply to your situation. It deliberately does not give a recommendation or a tax calculation, because a reliable answer needs your full circumstances and current rates. Treat it as a way of framing the conversation, not as advice you can act on.
Get the Calculation Done on Your Actual Numbers
We run both structures side by side at your expected profit, including the running costs of a company and your other income, and give you a figure rather than a direction.
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