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Title: eAccounts Highlights the Benefits of Switching from Sole Trader to Limited Company

United Kingdom, 17th Mar 2025 - eAccounts, the UK’s leading online accountancy firm, explains why sole traders should consider incorporating a limited company and how doing so can lead to lower tax bills, greater financial security, and enhanced business credibility. Why Are More Sole Traders Switching to Limited Companies? Many UK businesses start as sole traders due to the simplicity of setup and minimal administrative requirements. However, as businesses grow, the limitations of being self-employed become more apparent. More entrepreneurs are realising the benefits of switching to a limited company, a move that can provide financial advantages and increased protection. Kris Corbisiero, Co-Founder of eAccounts, explains: "Many sole traders don’t realise they could be paying more tax than necessary or putting their personal assets at risk. Operating as a limited company can be a game-changer in terms of tax efficiency and business credibility. Our role at eAccounts is to make the transition seamless, helping business owners navigate the process effortlessly." The Key Benefits of Operating as a Limited Company eAccounts has helped thousands of sole traders make the switch to limited company status, offering expert guidance on company structure and tax efficiency. Here are the top reasons why incorporation could be the right move: 1. Lower Tax Bills One of the biggest financial benefits of forming a limited company is the potential for tax savings. Sole traders pay Income Tax on their profits, which can be as high as 45% for higher earners, along with Class 4 National Insurance Contributions (NICs). In contrast, a limited company pays Corporation Tax at 19%, and directors can take advantage of a combination of salary and dividends...

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