Business
One of the questions most often asked at Shipleys LLP is whether it’s better to be a sole trader or limited company? For the first episode of our new audio podcast, Shipleys FM, our main topic is sole trader or limited company. When is the right time to incorporate? What are the tax consequences of changing from being a sole trader to incorporating as a limited company? I chat with Michelle and Martin to answer these questions and more. Our client interview in this episode features filmmaker David Thompson. David was the founding head of BBC Films, before leaving to start his own film production company, Origin Pictures. At Origin Pictures, David has produced films including The Awakening, An Education, and The Sense of an Ending. As he explains in our conversation, he also produced Mandela: The Long Walk To Freedom, featuring Idris Elba. We cover a quick overview of HMRC investigations; nobody wants to be on the receiving end of an inquiry from the taxman, so this segment is worth a listen. Last but not least, there’s a catch-up with my colleague Mike Luckett, Principle at Shipleys LLP. Mike is responsible for the day-to-day running of Shipleys’ two tax departments in London and Godalming. As a former HMRC Officer, he is well aware of the procedure from the other side of the fence. We hope you enjoy listening to our first podcast episode. Do also drop me a line with any questions or feedback you have, I’d love to hear from you. Please subscribe to Shipleys FM in Apple Podcasts or your favourite podcast player. And please share this episode with a friend or colleague. We publish our next episode in a fortnight, where the main topic is tax-savvy charitable giving. Until then, thank you for listening to Shipleys FM.