Company vs Sole Trader

Here's the latest from Martin Hawes on whether we should set up that company or not. Looks like "not" - from his point of view at least!

Steph

At the moment I would simply stay as a sole trader. It is usually my preference for people to trade through companies (usually for tax purposes) however there is likely to be no tax saving for you because your income will be too low.

When your income increases to over $60,000 pa a company could give you some good savings. In the meantime, I would not bother about the expense.

Martin

Judging by your votes, quite a few of you agree with Martin on this one. But we'll see what the final result is tomorrow.

Bye for now.

Steph