Tag: Dividends

When Should I Change From Sole Trader to Limited Company? My Costly Mistake

Posted on September 1, 2025 by Will Robbinson

Two years ago, I was making pretty good money as a freelance web designer. Life was good. Then my sister (an accountant) threw a bombshell over Sunday roast dinner: “You are paying far too much tax, you numpty.” It seems I should have long ago switched to a limited company. Cost me thousands. Literally thousands. […]

How Do I Pay Myself From a Limited Company? The Ultimate Guide

Posted on August 9, 2025 by Will Robbinson

So, you’ve set up a limited company in the UK. Great! Now, how do you actually get money out of it? Generally, a question arises in one’s mind: “How do I pay myself from a Limited Company?” It’s not as simple as taking drawings from a sole trade. You’re a director, possibly an employee, and […]