Self-employment or your own company?
If you are considering starting up and running your own business there are a few different options. Either way we can help!
The simplest way to start running your own business is through self-employment, where you can invoice without a company and avoid the tax liability that comes with running a business. Pay2me has F-tax and handles your ongoing taxes and fees as an employee. You just send your invoices through us, and get your compensation out taxed and ready as salary.
If you prefer to register your own business there are several company forms to choose from, such as sole trader, partnership, limited partnership or limited company. Which form suits you best depends mainly on how much personal liability you are prepared to take. Needs can change over time, which is why Pay2me in addition to self-employment also offers finance and bookkeeping services for those who want to develop their business further.